http://www.absonant.com/2014/03/why-do-natural-fibers-burn-but.html
Just because you think what you see is 'burning' doesn't change the fact Rayon is cellulose, which is made from wood. It DOES melt.
When I get crazy on my 3 and 4S PWM lipo boxes, past the 1,200W range, I begin using Rayon. Because Rayon will not burst into flames like cotton will, it can handle those temperature ranges like a champ. Take to to around 1,500-2,000watts. It will VISIBLY start to degrade and melt. Ergo, Rayon melts, it may leave ash behind, but it still melts. There's a million and one reasons out there, even full scientific studies, that show you why you should not using Rayon for wicking.
http://www.vintagevisage.net/Burn_Chart.html
You can still BURN Things that melt, but this chart tells you that the flames off 'burning' Rayon are brighter, which is often the case when you burn chemicals. The smoke produced is also much darker. Call me crazy, but I don't trust inhaling things into my lungs coming off of something that begins to melt over time, produces fire brighter than other materials and lets off black smoke.
Vaping is about harm reduction, I feel inhaling Rayon is probably a HUGE carcinogen. Just putting factual information out there, all these people saying Rayon is 100% safe, sorry to say but they're either misinformed or lying flat out.
Rayon will begin to melt when it's pushed its temperature limit, and yes when you put juice in it, it shrinks. Meaning if the OP was wicking using Rayon I'd advise him to use more than normal to compensate, the opposite of cotton. If you push Rayon TOO far, it WILL burn, a bright chemical-esque flame that releases black smoke. If you push it just UNDER TOO FAR, it will begin to melt. This is scientific fact that has been studied in labs. I take real scientific date over 'well it never did it for me!' any day of the week. I know of at least one person who vaped for two years using Rayon wicks and now has a severe lung issue that has seemingly come out of the blue.
Also change change the fact that Rayon and Silica fibers are similar to asbestos. Synthetics melt, naturals burn. Rayon is a combination of synthetic and natural. Meaning parts of it will burn under circumstances, and parts will melt under certain circumstances. I cannot recommend ANYONE to use Rayon for their wicking. It just isn't safe.