Why are you storing a video as 400,000 individual frames?
It's quite a pain in the ass to import, color grade, deflicker etc. So one would usually wait till there are a few projects are taken, and process them all at once. If this is your hobby, you can easily hit 5000000 photos in a couple of years. Especially if you're doing something like an ultra long time lapse of say, the construction of a building using two cameras.
If the question is "why don't you delete the photos after creating the time lapse video?" It's called photo hoarding haha.
Anyway that's irrelevant, because if I paid for a certain storage size to backup my hoarding habits, I expect to be able to use the capacity, and not have some random ass limits.