Yes, that makes sense, particularly for translated text. You should be able to leave room for a longer translation while keeping shorter text close to the heading.
I've logged a feature request to add Label.VerticalTextAlignment, with TextAlignment.Top, TextAlignment.Middle, and TextAlignment.Bottom options.
The plan is to expose it in both code and the Inspector, including for multiline labels. It will default to Middle so existing layouts keep their current appearance.
