Description:

mftrace is a small Python program that lets you trace a TeX bitmap
font into a PFA or PFB font (A PostScript Type1 Scalable Font). It is
licensed under the GNU GPL.

Type1 fonts offer many advantages over bitmaps, as they allow
PostScript files to render correctly on printers with many
resolutions. Moreover, Ghostscript can generate much better PDF, if
given scalable fonts.

Note: fontforge (or pfaedit >= 020215) is recommended for autohinting.