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

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

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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:
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