You can set the max-height of the multiline field with this CSS snippet in the “Special configuration”:
{"css":"max-height:100px;overflow:auto;"}
If you however want to have a preview function you need to put some code in list view (in a Script editor web part).
<script>
function preview_vLookup(val,item){
return "<img src='/_layouts/images/GORTLV4.PNG' onmouseover='this.nextSibling.style.display = \"block\"' onmouseout='this.nextSibling.style.display = \"none\"'><div style='display:none;background-color:#ffffff;position:absolute;border:1px #cccccc solid;padding:5px;'>"+val+"</div>";
}
</script>
Then add this to the “Special configuration” of the rich text column in the vLookup config (replacing the CSS from the first example):
{"function":"preview_vLookup"}
Let me know how this works out.
Alexander