While trying to publish a .pdf file for .m MATLAB code, equations (written in latex) are not properly rendered in appropriate (smooth) font, instead fonts looks scattered.
I was having the same problem, with equation rendering quality being inadequate.
This is my procedure for fixing this in MATLAB R2013b.
1) In the MATLAB command prompt, enter:
edit publish
This should pop up the editor for you to edit 'publish.m'. Beware, the file may be read only. Under Linux, I use an external editor as superuser to edit it.
2) Go to line 811. You should see this:
temptext = text('Parent',tempaxes,'Position',[.5 .5], ...
'HorizontalAlignment','center','FontSize',22, ...
'Interpreter','latex');
Change the value of 'Fontsize' to something larger; I used 30.
3) Go to line 747. You should see this:
swapTexForImg(dom,equationNode,outputDir,fullFilename,equationText,newSize(2),newSize(1))
Change that to
swapTexForImg(dom,equationNode,outputDir,fullFilename,equationText,newSize(2)/scale,newSize(1)/scale)
where scale is the scale factor of your liking. Might have to play with it a bit until you get it right; I used 2.
4) Save the file. Also keep a backup of the original.
5) In the MATLAB command prompt, enter:
rehash toolboxcache
followed by:
clear functions
6) Run publish again.
This should do the job for the PDF. I haven't tried it for HTML, but it should also work. In case of HTMl, don't forget to delete the images created previously.