You have at least two problems.
node , , , node. , . -z . , , ( , YMMV):
textNode.simdPosition = pointOfView.simdPosition + pointOfView.simdWorldFront * 0.5
(, - ). , simdWorldFront - (0,0, -1), node , .
SCNText - - 16. , - ARKit. , " " . , , , .
scale pivot node, .