Might be interesting to compare SIL's "Unicode BMP Fallback Font",[1] which is significantly more compact (I believe it uses composite glyphs).
[1] http://scripts.sil.org/cms/scripts/page.php?site_id=nrsi&id=...
[1] http://scripts.sil.org/cms/scripts/page.php?site_id=nrsi&id=...