Serif fonts are rarely good for subtitles. I'd strongly advise against Bookman for this reason. It's much harder to read.

Also, you have a PM.

--edit--

By the way, you say that red looks too blurry. Try making it less red than true red. True red tends to bleed very badly in NTSC video, which is probably where you're getting the blurriness.

Also keep in mind that your color values should never go all the way to 255, or you'll have an illegal video signal - 235 is the limit for NTSC video.