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not sure what a wrapper is. But I am referring to a regular html module. For example on this page
www.vip-wedding-hawaii.com/
I wrote the text directly in the article.
On this page I used an html module for the text on the home page.
The question is: Does it make a difference for the search engines if the text is in a module?
Not really, the SE's are intelligent enough now to be able to find the real content on the pages however it is placed (within reason). You should still aim to put your most important text towards the top of the page and still use good markup of H1 tags etc, but the most important thing with SEO nowadays is the content itself.