Font Height Options
This feature, first introduced in Illustrator 2020 (version 24.3) in August of 2020, allows users to set font size not only traditionally, by its line height, which includes ascenders and descenders, but also based on lowercase and capital letters’ height.
To access this function, we should open the Character panel’s flyout menu and enable 'Font Height Options' option. This adds one more dropdown in the panel and modifies the look of the Font Size field’s icon, reflecting the chosen font height reference.
You can read the official help article here: https://helpx.adobe.com/illustrator/using/align-text.html
If you have any feedback specific to this feature, you can leave it here in comments and log a separate report / request here at UserVoice, or upvote existing entries.
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Cameron Spence commented
Can we get this option added within the Paragraph and Character Style Settings panels.
Currently you can only fix the font height of a Paragraph and Character styles with Em-box as a reference.New idea from comment
This comment was upgraded into a new idea: Add Font Height Options in Style Settings Panel -
Some ideas and bug reports on the topic were already reported:
Font Height Options Tab order is broken
http://illustrator.uservoice.com/forums/601447/suggestions/45666769Font Height Options misbehave with rounded fonts
http://illustrator.uservoice.com/forums/601447/suggestions/44639661Cap Height setting not using Font Cap Height
http://illustrator.uservoice.com/forums/601447/suggestions/41615035