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Hi @Joe ,
As per my tests, this problem cannot be reproduced from my end, I did not receive this error when I click "Copy Link" copy to the URL field. If using another language, you may have more than 255 characters in the link.
Currently, there is no official article says to remove this restriction and limitation. You could make your suggestion in this feedback portal to improve user experience.
This is screenshot about my test.
No error reported.
Different apps and Office versions have different limits, and the combination of limitations may be unique to your setup.
The entire decoded file path, including the file name, can't contain more than 400 characters for SharePoint Online. The limit applies to the combination of the folder path and file name after decoding.
The URL field in a SharePoint list or library that you used single line of text column or hyperlink column have 255 characters limit. This is by design.
I have found this official article to show you character restrictions and limitations in SharePoint for you reference, hope it would help you.
Thanks for your understanding and support!
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