I just tried to enable " Recognize links and emails" for links sent to text elements and I get this:
Text field data: https://soundcloud.com/etc
Result on client: <div><font color="#517880"><a href="https://soundcloud.com/etc" target="_blank"></a></font></div>
I’m not sure what the point of detecting links is when the link becomes invisible. That’s pretty useless so far (at least the way I’m doing it I guess). You should at least use the link text with the link. Looks like a bug to me.