Yes that would be perfect .Drag a text file.Then use scissor tool to split the way you need it. Then move each phrase in place .Also include - + size text thats one of the most important things. . Most performers will want to output lyric to a HDMI port for a large screen.This option would make VST live the number one choice .VST live is a brilliant concept and covers what other companies do not have, Keep going its so close to being amazing