ArcGIS Pro text box fitting strategy: adjust frame

GM1

I was recently creating a layout involving many different elements. Adobe InDesign narrowly won over Pro because I was able to automatically adjust the text box size to fit the text I had just made, then distribute my elements vertically on the page. This did not seem easily possible in ArcGIS Pro 2.4.1. Yet, I see in the legend controls, a Fitting Strategy: Adjust Frame option:

Could this be added to the options for text boxes please?

If I am overlooking something, I do welcome others' feedback. I am enjoying the greater control ArcGIS Pro is offering over ArcMap.

GM1 · ‎05-22-2020

Here's a graphic of the same issue today at 2.5.1, I find it hard to align text elements neatly within a layout when the bounding box is not able to be snapped to the size the text and background turned out.