Ok...The only way you can make text remain on or part of a vector layer, is to have created vector text to begin with.
PSP has 3 ways in which to make text, with your text tool active you will see a dropdown menu at the top with all the other tool settings and look for the one that says "Create As".
For the most part while working on digital scrapbook you want to work with vector text as when you apply your text you will have the bounding boxes like the deform tool does so you can move and rotate your text without it becoming all icky and pixelated.
The other two settings are Floating and that will become a promoted layer in your palette, this is more like text in a Word Doc. And the other one is Selection which creates just empty marching ants in the shape of what would be your text. This is handy for the times you want to fill in your text with either a pattern or fill.
Ok I looked at your Layout and your text problem.
http://www.scrapbook-bytes.com/galle...72&limit=last1
My guess is that it still is a setting, kerning, leading, tracking...but if it was those you would see that same look right away in your preview....?
The only other thing that changed in PSPX is that they added both the ability to use either Points (like a Word.doc does so your printer will print them correctly) or to use Pixels like a image would have for information for the printer, but then this would be affected by your PPI resolution of your overall image.
10 points = 28 pixels
20 points=56 pixels
and so on. Try it by setting PSPX to points, not pixels, PSP9 is in points. This is all discussed in great detail in the PSP newsgroups from the corel site. I get it but also at the same time I don't!! The only thing I know is that what I see on screen is what I get printed out!! LOL
However with all that said, I still don't think that it would behave in the manner you showed in your test LO!!
I would love to see the original PSPX LO that you have so I could look at the text properties and see what is happening with it!! I will PM you my email and I can accept rather large files.