My test page has quite a bit of bolded text (for testing), so I suppose it's the reason why bolded-text is the highest. Hmm.

Anyway I'm thinking of adding the following parser to the top of the big 'alt structure in formatting:

  (= plain-text
    (pred [or (alphadig _) (whitec _) (in _ #\. #\,)] anything))

  (= formatting
    (alt
      plain-text
      ...))