Registration point for V2 Label component?

I have a number of V2 Label component instances being used as options in a form… drag them into a certain area, and they are added to a list of options. The problem I need to overcome is that the ‘dragging point’ for all these is the upper-left corner. I really need that point to be the center. As it is, it’s way too easy to drop one of these onto another Label component already in the vicinity, which changes the droptarget detected.
Is this the ‘registration point’ I’ve read about? I can’t edit these components, and all the help says I need to change the registration point by editing and dragging so the plus-sign is somewhere else.
Thanks!