Yes, the lack of particle-like excitations at a given energy scale could be related to the failure of perturbation theory, in the following sense. Fixed points of RG transformations correspond to regions in parameter space where the model is stable under scale changes (either zooming out or zooming in). The quadratic part of the Lagrangian (which encodes the free particle behavior) is then `robust' under scale changes, in the sense mentioned in my post above. Perturbation theory may fail at these points because of large coupling, but for weak coupling at least it should be possible to do meaningful calculations over a wide range of energies. Between RG fixed points, the form of the Lagrangian density or shape of the probability distribution changes relatively rapidly. Tentatively, I would say that the quadratic part of the effective Lagrangian at these scales can only correspond to a particle-like excitation in a weaker sense than near a fixed point. It would be difficult to make sensible predictions in a wide range of energy scales using an effective theory renormalized at an intermediate scale (between fixed points) because of how rapidly the parameters in the Lagrangian change: accurately predicting changes in the operators that appear in the Lagrangian density would require infinite sums in perturbation theory (the labels `perturbative' and `nonperturbative' are somewhat loose, but I would say that perturbation theory `fails' in a certain sense). This would relate the failure of perturbation theory to the lack of sensible quasiparticles.