Yeah, I usually use photoshop for most of my text stuff … make file with transparent background, add a layer, do text, import text as a layer. Your case is a bit different... you'd make a REALLY BIG file ( so you can scale it way down to begin, and then scale up without losing quality ).
Basically your situation, a bit different... cause you basically want to make text, select it, and clear it so it's like a 'hole' ( the alpha channel)..
I don't have that font so I couldn't test it to see if it would have white line...will do something with some other font ...just for fun,,,