first you must understand font typography. there are several measurements of a font
- font point size (size of font matrix)
- baseline (imagery line under font characters
- Capital height (how high capital letters are above the base line)
- x height (how high lower case letters are above the baseline)
- ascender height. (how height above the x-height) some characters (say lower case f or $) have an ascender that may be above the height of a capital letter
- descender height. how much below the baseline a descender is (say lower part of lowercase y or g).
- bearing height. the space above and below the ascender and descender height to give a natural space to font characters when leading (line-height) matches font size.
- bounding box. the box that contains the font text. the height is the total of the x height, ascender height, descender height, above bearing and below bearing height. the width of the box is sum of the width of the characters. kerning will effect the combined width of multiple characters in the text line.
line height (know as leading) is the measurement between baselines of two lines of text. fonts are typically designed so that if the line height matches the font size, the ascenders will not touch descenders of the line above (see bearing height).
changing the line height moves the y-position of the font text line up or down, but does not change the font size.
your example shows the font vertically centered in the label. the space you see above and below the numbers are the ascender, descender and bearing heights which define the bounding box. if settable by the O/S, the line height would change the gray area above and below the font in the label. but not the size of the bounding box (white area)
note: as you have a single line in a label, only on IOS will line height make a difference.