2 things, you have connected the split text to a drawer of the Cycle through list node and that has added an auto collapsed node First Item so you only are retrieving the first Item so you cannot cycle through them. Connect the list to the main port right to the drawer instead.
Then instead of connecting the Fire Periodically to the node start triangle port, connect it to the 'Go Forward` port.
That way it should work.
PS : Jaymie, I added a comment again instead of an answer, sorry.
@Chris yes this feature and your feature request for layer texts to be optionally resizable like the other layers would be really great.
Somtimes I wonder how much it would cost to hire the team for such a 1-dot feature like the wrap text feature.
Perhaps in some feature it could be great to have an option to know the funding price of a feature request and have the possibility to hire the team together and crowd fund some urgent features.
Not talking about month long stuff that would push away the Vuo releases but some things like this that would take up to some days of work.
The team made a poll some days ago, perhaps a crowd fund hire the team option could be a thing too.