Not really. You do realize that the Admins never set the PM Inbox limit of messages other than 50 default. I know that for a fact here.
Plus, it wastes up space if you haven't noticed. The Admins CAN set it so that members' Inbox message limit higher than 50 messages. *shruggs*
It's really up to them, IMO.
Though, why you would want to save your Sent PMs is beyond me.