View as a webpage feature for Dynamic content

Some specific feedback here, as I've been down this exact same path: you actually can have dynamic content work correctly with View as Webpage, but it does require some specific things. If you visit this discussion thread , I'm actually talking about an almost-identical use case: doing translations and ensuring the dynamic content shows up correctly. In that thread, I explain that the only reliable solution for rendering dynamic content properly is to use {{system.viewAsWebpageLink}} for the URL.  In that example, I was also doing multilingual work, so if you have the surrounding text tokens doing translation for the "To view this as a webpage, click here" strings in Velocity etc., it should work as expected.