I have a lot of text in my drawing that needs to have a different justification for a new version that I will be working on, is there an easy way to re-justify and re-position all that text easily.

Oh yea, just use the JUSTIFYTEXT command.  This command is very powerful, in that the original text will remain in it's original position.  No need to re-position the entities once the justification has been changed.  Works on Dtext, multiline text objects, leader text objects, and attribute objects.  What a time saver for schedules and tables!