My experience in this regard is extensive, be it pre 2006... but for what its worth i think you will find it pretty straight forward when you start to play around with this feature......

Some tips......
1)Digitize your letters at about 14mms if you believe that you will also need the font for large lettering.
If you will predominately be using it for smaller applications then a 10mm size would be better.

2)bare in mind that how you define the letters will effect letterspacing and the base-line of the font.
So i usually create a"template" which is like 2 elongated rectangles (an inner and an outer) for each line of text....
The inner one is to show the top and bottom of your (WIAXVNM) letters that end, end on....
(the also applies to only the tops of: UJL and the bottoms of: RPF ETC....) and the outer rectangle which is centred on the same position as the first denotes how much further letters that finish side on (QODGCB)ETC... will extend past....IE compensation ETC......

The distance between these 2 rectangles represents how much you are going to compensate the font.... and this distance will increase (realitively) as the font reduces in size.

3) when defining the letters always use the same line (perhaps the bottom inner line)... have your cross hair cursor on so you can accurately define your base line with respect to the left and right extent of letters.

4) for script fonts you will also need to set up a join line which is a line defining where the join is going to take effect then you use this join line (ie taking note of where the letter crosses over it) to indicate the horizontal position on the base-line... to mark the extent of your baseline exactly....

5) another tip is to use branching to preview your letter first so as to see how it will merge as a single unit........

6) another tip is to be very very mindful of how branching segments your letter with respect to with segment is lower than the other... often moving a few point by a few 1/10ths of a mm can make a huge difference to how it gets broken up.....

7) with this technique when you have finished digitizing all your letters you need to adjust them to fit your template....... i have found it is best to digitize the "IA" letters ETC at actual size and then compensate the letters with sideways columns and both (OG) or one end only (PRL) by editing them........ to match the template....
This will ensure that the sew out results in even letters.... even if the font is not exactly this way.......

Good luck..........
David