Rick, Free Type is already enabled. I am already using GD w/o issues for Gallery and VBulletin.

Here are the GD info:

GD Support enabled
GD Version bundled (2.0.28 compatible)
FreeType Support enabled
FreeType Linkage with TTF library
GIF Read Support enabled
GIF Create Support enabled
JPG Support enabled
PNG Support enabled
WBMP Support enabled
XBM Support enabled