The EGP is the "assumed" main panel for text work now. Which is why I assume they don't have all the text formatting controls in the EGP dupliated in the ECP. As like most, I work with the EGP layer stack and grouping and such, I always do graphics/mogrts from the EGP panel and of course you do some controls in the ECP.
Even though it's the main panel for any graphics, it's just such an inconvenience that you have to open up the graphic work space to position the text in the middle of the frame. If I'm working with extensive graphics I also work in the EGP but it's just not useful to have it open the whole time just incase I need to align one line of text.