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Nope, LuaTeX does a better job and even that is limited as compared to pdfTeX. See http://mirrors.ctan.org/macros/latex/contrib/microtype/micro... page 7, Table 1.

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Yeah, I used pdftex for my thesis in 2012 for this reason. When I use Tex now I use Luatex as it also gives good results but with easier font management.

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