Right now, if you want larger “labels” you can use a Labeled Value widget, and just place it accordingly alongside a button or LED widget. You then would place a " " in the 'title" section and type your desired text in the label section (you can of course, also send that text via your script). Not quite what you are asking for, but a possible option for now.
This is just an example… not connected to server or a device, so the LED is “OFF” and thus hard to see.
You can also resize the label down to it’s smallest size and that will make it look like this (font size is automatically adjusted to fit widget size).