Hi Ben,
Can you check which version of libfreetype.dll you end up with after the final build. I followed basically the same steps as above (build b83f9ecd followed by 7ac73031f) and get:
FT2Library current libraryVersion " 2.6.5"
P.S. I hope I've done something wrong!
Thanks again for looking in to this.
Cheers, Alistair