Assessment - Standardise "Labels" in hotspot question

We use the hotspot question to label diagrams etc. 
However, we have two improvement opportunities for consideration.

1. Instead of the dot being below, add this to the left of the text - people want to put the text in the boxes/diagram marker, not the dot underneath the text. 

2. Allow formatting of the text box, every label is based on the text - therefore completely different sizes and looks really messy. I would like the option to set the box to be x long vs x wide. That way i can force text wrapping or the boxes to fit inside my tables, diagrams, plans etc better. Even the option to set size, text, colour etc.