Hi Adam,
I cannot repeat your text problem.
I am asking if you get a 'hand" cursor to place on the little blue dot. That's what you should see and use to hold and drag the text.

The monitor profile question doesn't always show when you change the profile in Qimage if you had checked, Don't ask me again.

Try restarting Qimage  and also tell us what version of Qimage you are running.

Fred

Sorry Adam,
The only thing that might work would be to click HELP and click RESET COLOR MANAGEMENT SETTINGS. That will probably work.
The fit to page is nothing more than an optional print size selection. That should have no bearing on whether you can use Floating Text or not.
Try using a template, the last thumbnail in the folder, and see if you have floating text working on that.

As I said, try rebooting Qimage, or Click Help on this problem too, and then choose RESET ALL PROGRAM SETTINGS.
Fred

Now that we have the rest of the story! :-)   
I think it might be working OK, but moving the text on an image where multiple split printing of that page has been selected, might not be feasible as there are no visible pending pages to slide on to.
Maybe we should wait for Mike to reply to the working of this set up.

Fred