Difference between "text" and "paragraph" email block?

Hi there, in the drag-and-drop email editor there appears to be both “text” and “paragraph” block types. They seem nearly identical except for one thing:

• Paragraph blocks pull certain formatting parameters to the block-level, rather than being able to change it per-character.

For one example, text alignment (left, right, center, justified): in a paragraph block, the whole block must have the same alignment, whereas in a text block you could specify each line to have a different alignment.

If this is indeed their only difference, any best practices to follow?

Thanks!
TOM