You've got a few options, from using a decal, to placing an image, to making a text feature. Most of the time you just need to show the location of the text with a bounding box and then refer to a separate drawing with the actual artwork. If you actually have to put the text on the part try avoiding making it a feature, as a text feature causes a huge demand on the regeneration of features. The compromise to this that I sometimes use is to put a sketch on the surface with text in it, but don't turn it into a feature. This gives simple control of the text via the sketch, but avoids the slowdown of the feature. However, the sketch is visible through the part.
If you use the bounding box and want that to be a feature I suggest using a sketch for the box, but instead of making it an extruded feature or cut (which would be a problem for subsequent sheet metal bends) make it into a split line. This will show its dimensions in a drawing, but has no depth.
It all depends on what you are trying to show.
- - -Updraft