In OAC DV, Text could be doing much more than at present, if it could render variables, as well as html & css for formatting and interactivity purposes.
There currently appears to be only limited/quirky/involved options for "cleanly" displaying the value of a variable or calculations returning string results. In some places, I'm currently using in different places "Legend", "Tile" (without measures), and variables applied as filters to otherwise blank views—none are as easy or flexible as textbox and narrative view in Classic, with word wrap and formatting etc.
Fwiw!