It’s fine on the front end, but the previews of classic sections/rows/columns don’t display the text alignment if you set it to something other than left.
For example, on this page, the Section is set to centered text alignment. But the preview shows this:
Front End:
Moving the same classic headline to a V2 section/row/column and setting that to centered text alignment previews correctly. So, just a problem with the classic layouts… which sure have been having a rough go of it this round 