When using the submask 255.255.0.0, the IP 192.168.0.0 is the first IP.
In the box "Start IP", we need to enter the first IP from 192.168.0.0 til the one that we want, in this case 192.168.2.150.
We need to enter in "Start IP(192.168.2.150)" the number 662 as first IP, this IP is 256+256+150.
We need to enter in "End IP(192.168.2.200)" the number 712 as last IP, this IP is 256+256+150+50.
It's true that the current DHCP interface doesn't really handle subnets with more than 256 IPs in them very well. The reason that was never implemented is that I know of no routers that run Gargoyle that can handle the traffic generated by more 200+ computers, let alone more than that.
Mat I ask why you need such a large subnet? It may be there's a use-case I'm not thinking of, and fixing this should be a priority. Otherwise it's a sanity check... "Hold on, HOW many devices do you have...?"