@Mike Lee Thanks for reaching out. The max file size with enabled chunking (in MB) is 1024 MB i.e. 1 GB as documented here.
For different environments the max limit of message is document here. The Azure blob connector support max 1024 MB size data with chunking enabled. The max size in the archive is 750 MB as documented. This limit means that your zip file can be max of 750 MB that can be passed to this action (uncompressed).
Let me know if you have any queries or concerns.