Instead of using the ##########@vtext.com address for Verizon users, use the alternate ##########@vzwpix.com which allows for Verizon customers to receive longer MMS messages or messages that contain pictures and video.
I was finding messages sent to the vtext.com address were being truncated at 150 characters (actual truncation appears to vary depending on the number of characters in the email address or if the message contains a subject line, etc.) Additional messages were not automatically generated with the remainder of the original message, they were simply truncated.
Sending to the vzwpix.com address I was able to receive the full length of the message, far exceeding a 150-160 character limit.