Hi,
Do you mean specifically SERRXD (which has a fixed Polarity, Baud Rate and pin number) or SERIN (for which all are selectable)? But in either case, AFAIK the timeout (if selected) is "reset to zero" each time a character is received, so you don't need to worry that the string might be artificially truncated. But don't forget that the PC must include (at least) a short pause (idle level) before every character.
Cheers, Alan.