Generally, when a font is scaled to a lower point size, the glyphs can change to retain legibility. However, your unhappiness over the relation of the i and m indicates you don't like the choices made by the font.
Originally I used the scalerel package to take a normalsize m_i and scale it down to an appropriate size, but then Hendrik Vogt pointed out that the same could be more simply accomplished using a \scalebox{0.6}{$m_i$} for the sub-sub-superscript, since \usebox does not apply the \mathpalette wrapper.
The \scalebox creates the subscripted m_i to be an exact scale of the normal size m_i. Of course, the drawback is that, when scaled down, the strokes become thinner, and some may consider that more detrimental to the appearance that the relation of the i to the m. In any event, here it is:
\documentclass{article}
\usepackage{mathtools}
\usepackage{amssymb}
\usepackage{graphicx}
\begin{document}
\begin{equation*}
\dim_{\mathbb{F}_{2^{%
\scalebox{0.6}{$m_i$}%
}}} W \geq \frac{n}{m_i}
\end{equation*}
\end{document}

!in the generated markup: that will make a link to your image, someone with edit rights will put the!back. – David Carlisle Feb 2 at 22:20min the left is smaller than themin the right, so the output is a bit wider to enhance readability. But please don't use this sub-super-sub-superscript notation! It's not readable anyway ... – Hendrik Vogt Feb 2 at 22:22