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I guess it will depend upon the degree of taper of your bit. My choice may be to assign one of the 1/8' bit selections. The main problem may be which font you select, as each has its own standard...

Point taken!
Our replies of assigning and using the 60 degree V-bit (or smaller) will help.

You would need a special chuck or split collet in order to use a 1/8 shank bit.
My 45 V-bit has a much...

Tom is correct. You go to the bit Icon, as you have the text highlighted in designer, and change the selection to the 60 degree bit. I use this almost exclusively for Centerline text as it provides a...