I am only separating the aliases and events for error tracking. Once I know an alias is working I place it back in to a main file. I can also remove single-use aliases completely.

I also found my answer. After separating aliases for an hour, I checked the file count. It remained at 114. The other files are sitting in my mIRC folder. It seems that no matter what I do, I can not load more. Maybe I'm missing a setting or something...