Sorry, but I think the logo results with 1-bit BMP are extremely ugly. Yes, it's the best they can do with a 1 bit image, but it's not even in the same category as what you can do with PNG files.
Some examples here:
http://feldoncentral.com/forums/show...?threadid=2302
FYI, Jim did not create the MAT version of the Aquarium. That was done by Prolific.