Somewhat fortuitously and learned accidentally, after asking this question I discovered that more flexibility on alert card content formatting was available to me via the technique of placing the content portion of it in a tiny Form with a single RichText component (in Markdown format). I did that because, and you’ll remember this, I needed to purge alert cards. Thank you!
Oh, wow. I spent yesterday going through all of my alerts, instantiating that same tiny Form for them (and more - I’ll spare the details), and it was not fun. alert2 would have saved me time. Thank you for drawing my attention to it and for the contribution.