[w3c/editing] EditContext: Rename updatelayout into something more intuitive (#267)

Moving [this EditContext issue](https://github.com/MicrosoftEdge/MSEdgeExplainers/issues/128) from @gked over to this repo:

> TPAC feedback from @smaug----

@travisleithead suggests:
> EditContext really is just a text buffer, but it does have an associated bounding box (useful for IME candidate window positioning, etc.
>
>How about `updateBounds`?

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