Text saved in Gif
Text_2_colorsText 2 color, .55k gif Text_4_colorsText 4 color, .696k gif
Text_8_colorsText 8 color, .85k gif Text_16_colorsText 16 color, 1.01k gif
Text_32_colorsText 32 color, 1.219k gif Text_64_colorsText 64 color, 1.453k gif

Text_128_colorsText 128 color, 1.776k gif Text_webpaletteText web palette, 1.17k gif
Text saved in Jepg
Text_lowText low, 1.562k Text_mediumText medium, 2.041k
Text_highText high, 3.263k Text_maxmumText maximum, 7.259k

Best combo of size and looks of the text is the gif, 128 color

Link to the second page -- pictures