Okay, I got a few of these requests to work. The trick was to break up all of the php echos on the wpfp-page-template.php so you can add styling in between commands. In my example, I separated the image and the excerpt of the favoritepost into a table and positioned the title of the post above the image.
Here’s how it looks: (Note that the post excerpt is called using added code in WordPress’ function.php file found here — need to add this code in order to call the post excerpt when it is outside of the loop):
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