I was surprised I wasn’t able to do this easier, but it looks like others have struggled with this as well. I did get it fixed, and was able to limit the word count. I didn’t make a override yet but I will.
In the latest_item.php file I replaced:
<?php echo $this->item->introtext; ?>
<?php echo K2HelperUtilities::wordLimit($this->item->introtext, 50); ?>
Here is the thread that helped me solve it
I hope this helps someone else out there…