Often use a subtle bevel on text.
Please add Bevel Alpha to EGP before is will be deleted from the program. As of now, it's in the Obsolete folder.
Hi Ann, thanks as always for your contributions toward making Pr a great app.
I just tried the Bevel Alpha feature on a Pr Graphic Text Layer and it works as expected there. I don't recall exactly why and when certain effects got moved into an Obsolete bin in the Effects panel, but deprecation of them is not anything we're planning to do here on the Essential Graphics team. I can't speak for the core Pr product team though. That might be a good request to make at the top level of the PrPro section of this adobe-video uservoice site, specifically:
In the meantime, you might play around with gradients for text and multiple shadows (both new in the past few releases) to see if you can get some interesting results that way. It won't look the same as that old Bevel effect, but at least you'll know what your other options are.