(1) You specify control points on the outline, not outside (as with Bezier curves). That's something Peter Karow already did with Ikarus, but it didn't prevail.
(2) You write programs. Obviously that was a non-starter for the type-designer profession, which is much more programming friendly today, but back then it wasn't.
Oh, and read up on the "hinting" mechanisms in Metafont, it's lightyears ahead of Type 1 hints and TrueType instructions.
Obviously, today it's long in the tooth: 128 glyphs are way to few, the fact that it creates bitmap fonts is en vogue, either.
Still, a fantastic tool from which you can still learn a lot.