I have been tidying up some lyrics and noticed an issue with chord alignment when using centered text. The screenshots below should explain pretty clearly what is happening. Basically, when centered text is off, the alignment is pretty accurate, when centered is on it is way off.
Text in the editor

View with centered off

View with centered on

As you can see the chords are way out of position. Our singers find centred so much easier to follow, so hopefully this can be resolved. Not sure if it is as it was in ST3. We never used ST3 in anger as we needed more track playback capability. We used Bandhelper but hoping to use ST4 now.