The formatting has long been my primary complaint of Google Docs, and really the reason I don't see it ever fully replacing the Office suite from an SM perspective.
With the evolution of Office 365 (at an affordable $8.25 user/month), there is a viable alternative that gives the functional benefits of Google Docs (sharing, cloud storage, etc.) without sacrificing the power of the Office suite. That price point includes full desktop licenses (PC & MAC), and smartphone and tablet apps (iOS, Android, Windows).
Considering the SM's book and associated paperwork are property of the producing organization, SMs at a mature organization can make a very valid business case for this capital expense. Perhaps we can create a general capital expense proposal for SMs or PMs to take to their producing organizations for consideration. This would be a longer-term project, but one that could help bring further respect to the SM as a member of the management team and bring additional exposure as a good steward of the organization's interests.