Thanks for the pointer. I was able to get most of the characters imported and positioned properly.
I can't figure out how to add the space character to the template though. If I insert a space into the first field in the template, it acts like the opposite of a space; the more spaces I insert into a string, the more the string collapses in on itself.
As long as I don't use more than one word it looks OK but I'd like to have more flexibility in naming the modules...
BTW When using a template, create a new vector layer for the new/imported font and then hide the original raster image in the template .png before saving. This is probably obvious to someone who knows something about image editors but took me quite a while to figure out :

:
Never mind.
Figured out that I can use the Fonts\Font Margins to adjust the blank spacing.
And that I didn't need to spend nearly as much time as I did worrying about the horiz. spacing of the characters as I populated the template.

oh!:
Just get the vertical position exact and the horiz. somewhere close in the neighborhood. You can then use the individual character Before/After spacing once the font is imported to correct where you were off by a bit.
