kenny unfortunately there is no way you can do what you would like to do from inside MC.
But there is an alternative way of showing/viewing lyrics - if you right click in the part of the screen where the CoverArt + Lyrics are displayed and open the TrackInfo Menu clicking on any of the MC Ultra Plugins Liste will replace the CoverArt + Lyrics Display with the MC Ultra Plugin you have selected which will have a menu that allows you to choose between 3 ways of displaying the lyrics for the track MC is currently playing.