I am guessing you packed a large amount of roms into it- for a standard EZ4 (that is to say not a lite deluxe or lite compact) 16 megabytes is your limit and 32 if you want to write it to the NOR (you probably to save that for a rom that actually needs it).
Solution that allows you to do it all- make two smaller roms (or as many as you need) and rename the files to something else and make a save to match. This way you can have multiple copies with multiple saves.