Is it feasible to build a central "Text editor settings" control module?
Suggestions
The request is "A way to remove any text formatting done in the editor"?
There's this button:
https://stackoverflow.com/questions/21159778/clear-formatting-button-in-tinymce
To set it up for the blog post editor, the file you want to adjust is jrCore 'form_editor.tpl' and where it reads:
toolbar1: "formatselect | fontselect fontsizeselect forecolor
toolbar1: "removeformat | formatselect | fontselect fontsizeselect forecolor