Think I'm about there with this.
Any thoughts on the kerning?
Any comments greatly appreciated.
I think M-e is a little too tight.
The spaces between the words are off -- first space is too wide, second is too small.
Everything is too tight compared to i-f-u-l. And since it cannot be made much tighter, the rest needs to match it.
I totally agree with apankrat, I just didn't have the energy to write-up all the pairs I thought were too tight or loose. Apankrat summed it up perfectly.
Thanks for all the comments guys. Really useful.
Have attached an updated version. Let me know what you think.
Final version attached.