Well on that one, there is over emphasis on PE because the others are smaller, maybe if all, QB, 64 and PE are same size and color (bright for red contrast like yellow or yellow white) and slightly transparent to allow image to show through maybe _RGB32(255, 150, 150, 128?) you can overlay all same size letters and digits over the red Phoenix image background. I think for tiny icons you want very simple large block letters like original and with image use transparency so the shape of image remains in background. Could be trying to fit too much in 32x32 icon specially black outlines, that's less pixels for image and letters.
b = b + ...