Having the same problem, more than a year later.
Shouldn’t be hard to limit the size of the time-lapse to 13500 pictures. And stop disappointing anyone trying to go above that.
7.5 min at 30fps = 2gb
Still have the same issue with 2GB limit even with exFat fs. It would be nice to have the rule “start new Timelapse by schedule” as a workaround but it’s not present in available actions