APPROACH 1
This is a poor man's imitation, I think, of what is sought. It does not work by evolving the font construction; rather, it works through a fading mechanism between two fixed fonts. Thus, in the intermediate regime, there is visible overlay.
By setting \fadefrom
and \fadeto
, you can choose the starting and final destinations, as I have done thrice below. Currently, the letter width of the result is the wider of the two fonts, so changing to a font of very different width would not work well.
This uses a \FadeAfter{<length>}{<text>}
syntax.
\documentclass{article}
\usepackage{xcolor,stackengine,tikz}
\newcommand\fadefrom{}
\newcommand\fadeto{\textsf}
\newcommand\fade[1]{%
\edef\antitwo{\the\numexpr100-#2\relax}%
\ifnum\antitwo>99\relax\def\antitwo{99}\else%
\ifnum\antitwo<10\relax\edef\antitwo{0\antitwo}\else%
\ifnum\antitwo<1\relax\def\antitwo{1}\fi\fi\fi%
\ifnum#2>50\relax
\stackengine{0pt}%
{\tikz\node[inner sep=0pt, opacity=1]{%
\textcolor{black!\antitwo}{\strut\fadeto{#1}}};}%
{\tikz\node[inner sep=0pt, opacity=1]{\textcolor{black!#2}{\strut\fadefrom{#1}}};}%
{O}{c}{F}{F}{L}%
\else%
\stackengine{0pt}%
{\tikz\node[inner sep=0pt, opacity=1]{\textcolor{black!#2}{\strut\fadefrom{#1}}};}%
{\tikz\node[inner sep=0pt, opacity=1]{%
\textcolor{black!\antitwo}{\strut\fadeto{#1}}};}%
{O}{c}{F}{F}{L}%
\fi%
}
%%%
\usepackage{ifthen}
\newcounter{tmpcounter}
\newlength\critlength
\newlength\tmplength
\newcount\mynum
\newcount\myden
\makeatletter
\newcommand\FadeAfter[1]{%
\critlength=#1\relax%
\def\cumstring{}\fahelp{#1}{#2}}
\newcommand\fahelp[1]{\fahelper#2 \relax\relax}
\def\fahelper#1 #2\relax{%
\global\protected@edef\cumstring{\cumstring#1\ }%
\setbox0=\hbox{\cumstring}%
\tmplength=.01\critlength\relax%
\mynum=\wd0\relax%
\myden=\tmplength\relax%
\divide\mynum by\myden%
\setcounter{tmpcounter}{\numexpr100-\the\mynum}%
\ifnum\thetmpcounter<0\setcounter{tmpcounter}{0}\fi%
\fadehelperB{\thetmpcounter}#1\relax\ %
\ifx\relax#2\relax\else\fahelp{\critlength}{#2\relax}\fi%
}
\def\fadehelperB#1#2#3\relax{%
\fade{#2}{#1}\ifx\relax#3\relax\else\fadehelperB{#1}#3\relax\fi%
}
\makeatother
\parskip 1ex
\begin{document}
\sloppypar
\FadeAfter{10in}{%
Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.}
\def\fadefrom{\ttfamily}
\def\fadeto{\fontfamily{pcr}\selectfont}
\FadeAfter{24in}{%
Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this.}
\def\fadefrom{}
\def\fadeto{\fontfamily{ppl}\selectfont}
\FadeAfter{60in}{%
But, in a larger sense, we can not dedicate {{---}} we can not consecrate {{---}} we can not hallow {{---}} this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us {{---}} that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion {{---}} that we here highly resolve that these dead shall not have died in vain {{---}} that this nation, under God, shall have a new birth of freedom {{---}} and that government of the people, by the people, for the people, shall not perish from the earth.}
\end{document}
The 1st paragraph fades from roman to sans font of CM.
The 2nd paragraph fades from CM \ttfamily
to the PCR (Courier) font.
The 3rd paragraph fades from CM roman to Palatino roman.

Below, I try it with
\newcommand\fadefrom{\edef\tmp{\the\numexpr\antitwo/3\relax}%
\ifnum\tmp<10\edef\tmp{0\tmp}\fi%
\scalebox{1.\tmp}[1]}
\newcommand\fadeto{\edef\tmp{\the\numexpr\antitwo/2\relax}%
\ifnum\tmp<10\edef\tmp{0\tmp}\fi%
\sffamily\scalebox{1.\tmp}[1]}
I can achieve progressive stretching of the result.

Zoom:

APPROACH 2
By replacing the \fadehelperB
macro, and using cool things like Bruno's \slantbox
(Shear transform a "box") and Malipivo's pdf specials (TikZ: halo around text?), I can produce a result that does not involve overlaid fonts. However, it does not represent a true transformation between two arbitrary fonts. Rather, it simultaneously and continuously transforms a single font in 3 ways:
changes the horizontal stretch;
changes the font weight; and
changes the font slant
In the example below, the font outline thickness (a pdfliteral parameter) changes from 0.66 to 0; the horizontal stretch varies from 1.75 to 1; and the slant varies from 0.25 to 0.
\documentclass{article}
\usepackage{xcolor,tikz}
%%%
\usepackage{ifthen}
\newcounter{tmpcounter}
\newlength\critlength
\newlength\tmplength
\newcount\mynum
\newcount\myden
\makeatletter
\newcommand\FadeAfter[2]{%
\critlength=#1\relax%
\def\cumstring{}\fahelp{#1}{#2}}
\newcommand\fahelp[2]{\fahelper#2 \relax\relax}
\def\fahelper#1 #2\relax{%
\global\protected@edef\cumstring{\cumstring#1\ }%
\setbox0=\hbox{\cumstring}%
\tmplength=.01\critlength\relax%
\mynum=\wd0\relax%
\myden=\tmplength\relax%
\divide\mynum by\myden%
\setcounter{tmpcounter}{\numexpr100-\the\mynum}%
\ifnum\thetmpcounter<1\setcounter{tmpcounter}{1}\fi%
\fadehelperB{\thetmpcounter}#1\relax\ %
\ifx\relax#2\relax\else\fahelp{\critlength}{#2\relax}\fi%
}
\def\fadehelperB#1#2\relax{%
\def\tmp{\the\numexpr2*#1/3\relax}% FONT OUTLINE THICKNESS VARIES FROM .66 TO 0
\ifnum\tmp<1\relax\def\tmp{1}\fi%
\ifnum\tmp<10\relax\def\thickness{.0\tmp}\else\def\thickness{.\tmp}\fi%
\edef\tmp{\the\numexpr3*#1/4\relax}% H-STRETCH VARIES FROM 1.75 TO 1
\ifnum\tmp<10\edef\tmp{0\tmp}\fi%
\edef\tmpC{\the\numexpr#1/4\relax}% SLANT VARIES FROM .25 TO 0
\ifnum\tmpC<10\edef\tmpC{0\tmpC}\fi%
\scalebox{1.\tmp}[1]{\slantbox[.\tmpC]{\outline{#2}}}}
%%% MALIPIVO's PDF SPECIAL TO CHANGE FONT OUTLINE THICKNESS/COLOR
% https://tex.stackexchange.com/questions/18472/tikz-halo-around-text/169549#169549
\input pdf-trans
\newbox\qbox
\def\usecolor#1{\csname\string\color@#1\endcsname\space}
\newcommand\bordercolor[1]{\colsplit{1}{#1}}
\newcommand\fillcolor[1]{\colsplit{0}{#1}}
\newcommand\outline[1]{\leavevmode%
\def\maltext{#1}%
\setbox\qbox=\hbox{\maltext}%
\boxgs{Q q 2 Tr \thickness\space w \fillcol\space \bordercol\space}{}%
\copy\qbox%
}
\makeatother
\newcommand\colsplit[2]{\colorlet{tmpcolor}{#2}\edef\tmp{\usecolor{tmpcolor}}%
\def\tmpB{}\expandafter\colsplithelp\tmp\relax%
\ifnum0=#1\relax\edef\fillcol{\tmpB}\else\edef\bordercol{\tmpC}\fi}
\def\colsplithelp#1#2 #3\relax{%
\edef\tmpB{\tmpB#1#2 }%
\ifnum `#1>`9\relax\def\tmpC{#3}\else\colsplithelp#3\relax\fi
}
\bordercolor{black}
\fillcolor{black}
%%% BRUNO's \slantbox
% https://tex.stackexchange.com/questions/63179/shear-transform-a-box/63188#63188
\newsavebox\foobox
\newcommand{\slantbox}[2][.2]{\mbox{%
\sbox{\foobox}{#2}%
\hskip\wd\foobox
\pdfsave
\pdfsetmatrix{1 0 #1 1}%
\llap{\usebox{\foobox}}%
\pdfrestore
}}
%%%
\parskip 1ex
\begin{document}
\sloppypar
\FadeAfter{10in}{%
Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.}
\FadeAfter{24in}{%
Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this.}
\FadeAfter{60in}{%
But, in a larger sense, we can not dedicate {{---}} we can not consecrate {{---}} we can not hallow {{---}} this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us {{---}} that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion {{---}} that we here highly resolve that these dead shall not have died in vain {{---}} that this nation, under God, shall have a new birth of freedom {{---}} and that government of the people, by the people, for the people, shall not perish from the earth.}
\end{document}
