Julianne N. answered 07/04/19
Graphic/Web Designer w-Decades of Illustrator Experience
You are correct, the only way to align without the text bounding box is to create an outline.
What I usually do is make a copy of the text and then create the outline. That way I can do both: align exactly and still have the original font style etc.
Just move the original type outside of the canvas or make a new layer and put it there but not visible.