Slbmoon.7z

If "good text" refers to how the 7z format handles text files, it is generally considered one of the best choices:

Like all standard compression, 7z is lossless —meaning every character and bit of your text will be perfectly preserved upon extraction. SLBmoon.7z

For text files, source code, and uncompressed data, the 7z format (using the LZMA/LZMA2 algorithm) typically achieves 30–70% better compression than the standard ZIP format. If "good text" refers to how the 7z