Allow users to edit the text font type and size in this box. One less click would be great!
One thing you might consider is using the drawing toolbar to change the font type and size of text elements. This would allow you to change the font for multiple text elements at once and further reduces the amount of clicks as you don't even need to go into the text properties.
This idea was Partially Implemented with the redesigned dialogs in ArcGIS Pro.
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