I'm hoping someone is going to provide an answer to Al's #1 point - what is the difference (or is there) between a bump map and a displacement map? I understand the difference that the computer is making with the map (bump vs. displacement) but I'm curious if the maps are different? In both cases white is high and black is low, etc. Are they different?
I use Paint.net which has a Black / White control and a Brightness / Contrast control right on the top tool bar. I open the image I want to use in Paint, click SaveAs, rename it and click Black/White. The image becomes a black and white version of the original and then I adjust the Brightness / Contrast to get what I want. But I don't know how this would be different if it were a Bump or a Displacement.