One possible reason is that the CE-150 rom gets bank switched out by the PV flipflop, which isn't handled by either the driver or currently exposed by the lh5801 cpu.
Poking values into 79F4 changes the size of the text.
(can't read my, can't read my poke &79F4 face)
(man, the imgur website seems to be acting really wacky for me lately)
edit: turns out there's good Basic support for the CE-150 with commands to set character size (CSIZE) to do line feeds (LF) and to switch from text to graphics (TEXT and GRAPH) as well as drawing lines (LINE), moving the pen (LCURSOR for text, GLCURSOR for graphics).