🚀 go-pugleaf

   Although it was not *intended* primarily for converting Type 1 to
Type 3, the utility ParaFont from Design Science can do that with
minimum hassle. I bought it mail order from Programs Plus for about
$70.

   What is *is* designed to do is produce very nice custom "derived
fonts" pretty much automatically. To get a broad idea of the flavor,
see what sorts of things are in Adobe's "Expert Collections". For
example, it will generate a set of "true" small caps -- letters with
basically uppercase shapes but only slightly taller than lowercase
letters and nearly as wide as uppercase (thus proportionally fatter
than the uppercase); they look uch* better than the aberration
produced by the so-called "small caps" style in MS-Word etc. Other
goodies include old-style numerals, "superiors", condensed or expanded
fonts, and more.

 The fonts produced are not as good, of course, as carefully crafted
productions from Adobe et al. and they are only Type 3 (so ATM will not
work with them). You have the option of including the "base font" from
which you derive a font in the PostScript font produced -- or not.
Given the price, if you really need to convert to Type 3, think of lotsa
goodies as a bonus.