This is a follow-up to https://bugs.openjdk.org/browse/JDK-8366201

The undo/redo code needs to

1. Possibly limit the depth of undo/redo stack. Example: a text editor application that remains open for weeks editing the same document, the undo-redo stack growing uncontrollably. Practically speaking, there is little need to keep more that 100 or 200 undo/redo entries, it is hardly a necessity to go back more than a dozen or two steps back.

2. The simple undo events need to coalesce, similarly to what TextArea does. As a reference, these are the conditions listed in TextInputControl:613

        /*
         * A new undo record is created, if
         * 1. createNewUndoRecord is true, currently it is set to true for paste operation
         * 2. Text is selected and a character is typed
         * 3. This is the first operation to be added to undo record
         * 4. forceNewUndoRecord is true, currently it is set to true if there is no text present
         * 5. Space character is typed
         * 6. 2500 milliseconds are elapsed since the undo record was created
         * 7. Cursor position is changed and a character is typed
         * 8. A range of text is replaced programmatically using replaceText()
         * Otherwise, the last undo record is updated or discarded.
         */