I really only wanted it for automatic file name-linked watermarking of event photos, rather than manually adding floating text to each batch.
I don't believe the watermark feature does auto name linked water marks, it is just a cutout with text "proof" across it. The copyright mark is similar, it is meant to be of your own design and you can have as many as you like but cannot link to a file name.
You can link to a file name with Floating Text and if your event photos are a few fixed sizes, then a templates could be made with linked Floating text so the process is automatic.
I would still recommend Q-U for the reasons already explained above.
Terry