I've had to convert EPS, too, and the results usually look like crap. Bitmaps just don't scale well, either up or down. I tried converting EPS to a vector format supported by OOo, and that was even less successful. Why, in a presentation program, they allow you to import EPS but only have it look correct when you print eludes me. Is gs really that difficult to embed?
Equations have the same problem, since you're ultimately using a font that's being turned into a bitmap. Even if I'm doing something that can be formatted easily in OOo (or Kpresenter), if there are any non-Latin characters it's a real pain to insert them. I end up cutting and pasting em-dashes, for example, because Open Symbols has a much more satisfactory dash.
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