The best replacement for truetype is opentype.

The best alternatives to truetype are rated as following:
★★★★★  opentype
★★★★  postscript
★★★  type 1
★★  opentype font
★  postscript font
★  opentype fonts
★  postscript fonts
★  freetype
★  windows postscript
★  opentype better
  cleartype
  otf
  postscript type
  open type
  postscript mac

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No companions for truetype have been suggested so far.
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Google Trends

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truetype
opentype
postscript