Yes. Re the "obvious", if you have a blank (no text) T&T text window, you'll be able to change the font and it goes to the timeline with that font if you add text. Would there possibly be the OP's issue?
Thanks guys, I've been away all day so here are my responses:
Yes, I did highlight the text
I do not want to change the default text, or make a preset
vkmast - THAT WORKED! I thought I had tried that earlier today, but apparently not. It's strange that it is a bit different than the title editor in VMS 8 (I made the leap recently)