Did you twiddle the font size to see if one makes the margin smaller? How is Ratpoison working out for you? I love it on my laptop and am thinking of moving in that direction. The problem is that I find the stylus "mouse" input to be fairly convenient in things like Sylpheed and Firefox.
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Yep, different fonts make it different. I use the font that I've found the best combination on the Z. Size, weight, and is Unicode, so good for Japanese and stuff...
Ratpoison is great on the Z. I think I'm sticking with it. I use mostly Emacs now, for Web, games, reading. Ratpoison is great with it, it's considerably faster than even Fluxbox... So, good, I think.