Robert, yes, it does make sense that manually tracing would give a smoother feel to the font.
On the other hand, I think that keeping the original "wiggles" or imperfections actually humanize the font a great deal, especially when viewed at smaller sizes. Gives it that hand-written feel. It's a matter of taste actually.
Also about hand-written fonts. I'm sure with a bit more effort I could come up with something better, but I felt for my current need it was not really worth taking too much trouble over.
I'm glad I could introduce you to FontForge.