There are better network only solutions for unfixable devices when you have that class of gear, such as moving it to its own VLAN which is a good practice for even properly functioning IoT devices.

Storm control has more a "John brought a home Netgear (which ignores but doesn't forward spanning tree packets) and created a loop between two wallports despite spanning tree being enabled on them. Thanks to storm control Jane is still able use her IP phone for a meeting while the network admin investigates a monitoring alert about excessive broadcast drops on John's port which is causing slowdowns in that network" type use case. It's not meant to be the long term solution to anything it's just there for when other long term solutions fail to kick in and you don't want a full outage until you can fix them.