Palette Centered Text not sizing Palette

I'm experimenting with Palette Styles and found an oddity. This is what my palette looks like without centered text


Icons, Text, and Shortcut are all nicely visible. When I change the style to Centered, the text and shortcuts overlap in some places


I can make this not happen by trimming the name of the longest macro, but I would have expected the palette to be sized dynamically based on the text length.

Also, I noticed that the descenders, e.g. "g" is clipped. Is that normal? I see it only at certain text sizes: