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You see, the issue with formatting in Word is that Word sucks, and always will suck. ©
My opinion on the suckage of Word and all other Microsoft Office products can partially be traced to the fact that their older products are bloated, RAM-munching crap-fests. I prefer using OpenOffice, or, if possible, WordPad (the thing built into Windows.)
However, there is a newer version of Word, the newest, and though its features have moved around a great deal, leaving me, with my 90's-era knowledge of MSOffice in the dust, I must admit its XML-based files are much smaller than before. Perhaps it runs more quickly on top of this.