Large Multi Select Field

Hey I’ve got a multi-select field that may have a large amount of data if many of the options are selected. The problem I’m running into is Multi-Select fields are stored as VARCHAR(255) in the database with a maximum of 255 characters. Is it better to change the VARCHAR field to like 2000 characters in the database? OR Is it better to change the field type in the database to TEXT?

Anyone run into this?