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Normalizing to 16 sounds like a usability improvement over the old pack, but I'm not sure how big the new fonts will be at this default size (in pixels).  How small are the "small" fonts, for example?

Sorry if this is a dumb question, but no matter how much reading I do on this subject I can't seem to grasp how font sizes work!

The best way to find out is to either use the sample images that come with the asset pack, or just to type out some text in an image editor and see. When I find the time, I could maybe put together a line-height table for each of the fonts people can use to filter down what they might need.