Thank you for sharing that image. Now the UX question is: would that small bit of yellow text in a cockpit with hundreds of visible UI elements make any difference?
As a UXer I would _assume_ error messages would be in a consistent section of UI real estate. However, even if this is not the case I would expect both experience and training to mitigate the "can't find the error message among all das blinkenlights"
The pilot flying has eyes on the PFD continuously, only looking away for a few seconds at a time if handling other systems. Essentially when flying instruments you "scan" the 4 primary pieces of information in the middle of that screen every few seconds.
On top of that there is an audible reminder when a new failure annunciator appears, so even if they were on autopilot and not paying attention (rare so early after takeoff) they would hear it and look.