Fonts can be purchased or downloaded in several formats:

* TrueType
* OpenType
* Postscript Type 1
* Postscript Type 3
* Multiple Masters

I realize that **OpenType** and **TrueType** are *universal* formats which work on both Windows and Macintosh platforms. 

I'm also aware that **Multiple Master** fonts are a fairly deprecated in today's world. Often MM fonts can cause technical issues because operating systems simply don't support them as well today as they once did.

**Type 1** and **Type 3** were generally (but not exclusively) Macintosh formats still seen in use quite often.

When I purchase fonts, I specifically purchase OpenType fonts due to the more modern support. I know OpenType supports more glyphs, but that doesn't necessarily mean a particular font has more glyphs. 

However, many, many, foundries still produce a great deal of TrueType fonts exclusively. 

* **What specific advantages or disadvantages can be found in the various font formats in today's technological setting??**
* **Should I be avoiding Type 1 and Type 3 whenever possible?**
* **Does format even matter as long as the font contains the glyphs I want and outputs properly?**

I know **web fonts** are a different matter with the additional **WOFF**, **SVG**, and **EOT** formats. I'm seeking answers as they relate to print production or system use. However, answers regarding web font formats certainly wouldn't be met with any dissatisfaction. I simply feel the technological use of web font is a separate question because answers or reasoning for use of a specific web format would be vastly different since web fonts are more about the end user visibility and compatibility more than actual production or system use.