One tool I'd love, though would clearly be out of scope here, would be a way to find safe fallbacks for popular webfonts. For example I recently created a site in Montserrat. After some testing I found a close fallback font was Verdana, with a size-adjust[1] of about 99.5%. That resulted in minimal document reflows when the font was slow to load.
Picking the top 10 or 20 popular Google Fonts and finding nearby fonts with good scaling tweaks would be very useful. I could see a sister project to this site offering something like that.
[1] https://developer.mozilla.org/en-US/docs/Web/CSS/@font-face/...