What do you use for digitizing software? Does it allow for saving EPS files and does it also have good vector tools?
If you dont need to have any other copy then that original work, could use the embroidery software to trace over.
I mention using embroidery software versus something like the bezier pen tool in Ai or DRAW, because they tend to be (atleast with Wilcom) far quicker with tracing then vector programs l. Sounds strange, but it makes since since in digitizing copying a source file is what 95% of the jobs are. Also depending on how much tweaking using a close enough font may need as well.
Just may be easier to do it that way.