I use labels to add lyrics. Not the main function I agree (although we did have a karaoke utility that did the same thing at one point)
So two main things:
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If you drag the label’s handles to extend it, the label text may not be completely visible (if at all depending on your zoom level).
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There was a feature with the old labels to select the extended range by clicking on the bar under the label (so you can listen to it). I couldn’t find a way to do that.