As of my last knowledge update in April 2023, the font named Albatross created by Altsys Metamorphosis is not universally recognized in the catalog of commonly utilized or well-documented typefaces. This leads to a bit of ambiguity regarding its design characteristics and applications. However, let's dive into a general exploration and context, keeping in mind that specific attributes might be subject to clarification upon more detailed research.

Altsys Metamorphosis itself brings a hint of history and context to the discussion. Altsys Corporation was known for its pioneering software development, most notably the creation of Fontographer, one of the first widely used font creation and editing tools. Given this historical backdrop, any font created or associated with Altsys carries a lineage of innovation and creativity in digital typography.

If we consider the naming convention, "Albatross," it invokes a sense of freedom and expansiveness, much like the bird itself that glides effortlessly over the oceans, spanning great distances with its broad wings. In this imaginative exploration, the Albatross font could be characterized by a design that embodies openness, fluidity, and perhaps a touch of elegance. Such a typeface might find its strengths in headers or titles where its unique characteristics can be showcased, though without direct knowledge of its design, this is speculative.

Moreover, the involvement of Altsys Metamorphosis suggests the font could have characteristics that were ahead of its time, given Altsys's reputation for leading-edge developments in graphic design software. This could mean innovative letterforms or creative takes on traditional typography elements, aligning with the early ethos of digital typeface design where experimentation and uniqueness were highly valued.

In summary, without specific details on the Albatross font by Altsys Metamorphosis, one must infer its possible characteristics and applications based on the legacy and naming context. This imaginative exploration portrays Albatross as a potentially innovative and elegant typeface, reflecting open spaces and freedom, congruent with both its namesake and the pioneering spirit of its creator. A more concrete description would require access to detailed visual and technical specifics of the font.