Merits are not renewable at a level. If you exhaust your merits on one post, you cannot reward again if you are still on the same level.
Also with exception of Jr member, no single person has enough merit points to effect a rank up. So giving more merits score to one post is harmful.
I think the forum worked on this merit system very well taken into consideration most of these fears.
That isn't true. Leaving aside the merit sources, sMerits are generated as a result of members being awarded merits. I haven't changed levels, but I must have given away getting on for 200 sMerits.