FCP 10.7.1 Same here. Sometimes it seems to fail only for shorter text clips, making the clip (not the text) longer seems to sometimes work. It’s a shame, because the text effect itself is reasonably acceptable.
Like @ Stephen Bakopanos who created his own in Motion, I’m considering creating my own mini text vids for it using Wire for Resolume (although it’s extremely tedious to recreate them each time).
Thx all for posting here, it’s at least comforting to know others have encountered the same issue.