Bob, what you say is true in LDT in R14 or whenever using the Softdesk point blocks. The work around there is the "explode attributes to text" button. Then you erase the PNTS and DESC elements. Then measure the move required for one of the spot shots to the node. then do a mass move.(Before the measurement, I also change the text style to Romans and oblique the elevation values 15 degrees)
Once you get into 2000 with the point groups, the whole scene changes. You can bring in just the nodes. then bring in just the elevations and then do your mass move.(explode the elevation point group TWICE before doing the move though. Trust me, it works.)
(See my drawing in Mark's box in the Lily Pond for a sample.)