What is your PC hardware?
I've never found the words difficult to read on any setting, using only default hud color.
In VR resolution is all about distance since now there is a depth that a monitor doesn't get. If you launch something like Lone Echo and hold your hand up to your face, it's a high def masterpiece with texture and mechanical bits. Just like he guns in Robo Recall. But yes as things fall into the distance they will start to become blobs.
If I can't really read something in VR, I just lean toward it. Just like real Actual Reality.
I do return to my crisp flat panel from time to time.
Same, my own eyesight is quite poor, even with glasses or contacts, it's not great, but I have no issues reading text at all in my rift with the standard orange. I am wondering if the people affected actually have some form of colour blindness that is only really apparent in the Rift...
Z...