That's my favorite font as well, although these days I use "-misc-fixed-medium-r-semicondensed--13-120-75-75-c-60-iso10646-1" so that I can get a wider range of funny characters.
I use "green" on "MidnightBlue" for much the same reason that you chose your colors. I also find that my eyes have a hard time picking up dark shapes on an illuminated bright background, so light on dark is much better for me than dark on light. If I used dark-on-light xterms, I'd have to wear sunglasses to avoid eyestrain. For my color xterms, I make color1 "firebrick", color4 "DodgerBlue", and color5 "violet", which I chose to stand out on MidnightBlue.
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