I'm glad this was here, as we replaced Photoshop with Affinity Publisher for 6 end users who simply need to modify text in Photoshop files weekly from the design team, but don't need the full Adobe suite. To save money we replaced Ps with Publisher a couple of weeks ago. A team member and I (IT support) just spent close to an hour trying to figure out why he couldn't edit text in the PSD file (I could on my system, but I've had all Affinity apps for a while and had apparently set the preference long ago) and ran into this when I searched the forums. Just saved us having to re-buy Photoshop for 6 users...some sort of warning would be nice, or an option on open (like missing fonts), even though maybe text editable-by-default isn't the right answer.