How many parameters can be used in a custom table type value set & what is the character limitation?

Summary:

In one of our custom solution, we are receiving an error when using a table type value set for fast formulas. The underlying reason for the error is "Exceeded allowed range for string".

Information required on how many parameters are allowed & what is the number of characters allowed for table type value set parameters individually or in total.

Content (required):

Information required on how many parameters are allowed & what is the number of characters allowed for table type value set parameters individually or in total.

Version (include the version you are using, if applicable):

Fusion 23A

Code Snippet (add any code snippets that support your topic, if applicable):