The description might not be clear to people who haven't heard of those libraries before. Sometimes the more familiar you are with something the harder it is to write clear docs for people who are unfamiliar (and while everyone here might be a Joomla user, many might not realize/recognize what the prerequisites *mean* without some more details).
For example, I know what version of PHP I have and thought the libraries were part of PHP 4/5. I only learned what Freetype was/how to install it after searching the forum here but when I installed the extension it wasn't obvious what was wrong/why the image wasn't showing up. Fwiw, this was the first time I had to manually rebuild Apache with extra stuff so adding anything to PHP was a new thing for me. I know you can't target docs at all levels of skill but I have a feeling the prerequisites for this were over the heads of a few other users too.
I guess the more advanced users would know right off whether they have those libraries installed but I didn't really know what they were about/where to check for them on the server.
Thank you for a nice extension and feedback though.