High orbital angular momentum ( ), core-nonpenetrating Rydberg states can be well described by a simplified model in which the Rydberg electron is only weakly perturbed by the long-range electric properties (i.e., multipole moments and polarizabilities) of the ion-core. We have used a long-range model to describe the vibrational autoionization dynamics of high- Rydberg states of nitric oxide (NO). Our model explains the extensive angular momentum exchange between the ion-core and Rydberg electron that had been previously observed in vibrational autoionization of () Rydberg states. These results shed light on a long-standing mechanistic question around these previous observations, and support a direct, vibrational mechanism of autoionization over an indirect, predissociation-mediated mechanism. In addition, our model correctly predicts newly measured total decay rates of () Rydberg states because, for , the non-radiative decay is dominated by autoionization rather than predissociation. We examine the predicted NO ion rotational state distributions generated by vibrational autoionization of states and find qualitatively different behavior for these higher states. Finally, we discuss generalizations of our model to other molecular systems and applications to achieve quantum state selection in the production of molecular ions.