The gap at the bottom for the page number is sized so that when the bottom menu is displayed, it won't cover any text. It would be good to see a shot with the menu as there is a line drawn across the screen at the top of the menu area. This will show how much space is unused in the text display area and whether an extra line could fit in or not.
As to the page number/menu area, it could be made smaller. But, with my big fingers, I don't want it much smaller.
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