I will also warp the text if the handrawn line is uneven and this will allow you to play and stretch your letters. I do this sometimes when I am Art Journaling.
I often just clone them out too, or select the entire area, delete, and fill. (As long as it's a solidish color. If it's a notebook or graph paper then I just type and don't worry about the text matching up. I like lines for listed or bulleted items though.
I'm another one in the option 3 category. I think of it as if it were a real paper card. I would have to make it work. So I will put my text in and around the lines to fit my needs just as I would if I were hand writing. There are some instances when I adjust the line spacing and letter spacing to make things fit.
I usually adjust the line spacing to even out with the lines, when the spacing of the lines is too much I tend to add more lines. I select one of the lines and duplicate it a couple times! I also think that it would be better without lines though!