Pure bitmaps (like .fnt, .pcf) do not offer any advantage currently.
- There is no support to have them automatically scaled up. In contrast, you can run Fixedsys Excelsior TTF at 32px (i.e. twice its designed size) just by telling xterm/fontconfig to render it as such.
- Besides vectorized glyphs, truetype fonts can also have embedded bitmaps. This is very dominant in the CJK glyph range where the (antialiased) scaledown is often too blurry. But Arial/Times also have bitmaps for Latin scripts.
IOW, I'd love to have Terminus as TTF, just to be able to run it somehow at sizes larger than 32px.