Panda uses the Freetype library to render fonts, and it can render bitmap, TrueType, vector fonts, or just about any kind of font that exists. There’s not a performance penalty to speak of for using TrueType fonts. Most people just use their favorite .ttf file and leave it at that. There’s no need to create a special Panda version of the font; you can use any font directly.
Googling for free font files is a fine idea.
David