What I've found by playing around is that whatever the first menu link is on the "main menu" is the page that your Joomla site will use by default.
So, if you had a static content page that you left blank, or filled with images, or whatever, if you had that as the "Home" link on the main menu, and unpublished the Home link to goes to the "Frontpage" component, you would avoid that issue with the text and not have to touch any code at all.