Okay, so I was wrong, it breaks the text parameter ability to change if you lock it...so I felt bad and thought I'd better figure another way around the problem.
First create a generic family
Add model text to it, center justify it and put it at the origin
Add a parameter for the text value and assign the model text value to it
Nest that family into your sign family
Assign the text to the text parameter in the host
Lock the nested model text to the center reference plane
It WORKS!
I've attached the working family and the nested model text family...hope it works for YOU!
Oh...I coined a new term while fumbling with words a little while ago...Family and Formula are now;
FAMULA