Aha! The 8x8 bitmap approach is the one I used back in college. I was using a fixed font, so I just converted each character to a 64-bit integer and then used popcnt to compare with an 8x8 tile from the image. I wonder whether this approach results in meaningfully different image results from the original post? e.g. focusing on directionality rather than bitmap match might result in more legible large shapes, but fine noise may not be reproduced as faithfully.