If you try to move text and get the text dialog box, that means you double clicked the text. To move the text, you want to drag-n-drop it.
Here are some pointers that might help.
You control how you identify the text under the mouse cursor in the Drawing View via View, Format View.
– The Mouse tab has a box called Object Under Cursor.
– Pick the options that work best for you – accent color, 4-sided arrow, etc.
Use the Ctrl key to pick the next object down
– when two drawing objects are drawn over the top of each other, like your hydrant text and the curb line, the one on top gets selected by default
– hold down the Ctrl key on your keyboard as you move the cursor over those objects and TPC will select the next object down instead
Let me know if those help. I haven’t experienced any slow down in drafting with the new versions of TPC.