The problem with trying to roll this into the existing Text component is that you then don’t get the Typography capabilities. For my use case, I would want to be using a typography component to wrap around an image, as it is a lot better at handling long-form text.
Does this mean there would need to be two different components?
My preference would definitely be for a separate component, in an effort to keep the Text component as minimal as possible, true to its original intent.