Is there a way to save the text for a specific node in the Trace Events tree?
Yes. Click on a node to select it, then right-click to pop up the context menu, then click ‘Save Node As Text’ to save the selected node in a text file. This will save the node and its details exactly as it would appear in the ‘File->Save As Text..’ output. Note that it works only for one node, so if multiple nodes are selected it applies only to the first of those. See also the next question.