You can also accept limited, then use the footage to make a new version of the video AND a better narrative or title. Obviously, you want to improve the video significantly as well as the title and narrative though.
I've still been keeping my descriptions a bit shorter than 300. If I force out a 300 word description, does that help at all in getting accepted for full distribution or no? I stopped doing my short punchy descrips of course, but I was just wondering.