I found matlabl2tikz to be superior to plot2latex. I did my honours thesis with plot2LaTeX+inkscape and my PhD one with a matlab2tikz, so I've had a fair experience with both.<p>I have created some high quality, complex plots out through matlabl2tikz with no problem. I haven't had the issues the author notes and I'd suggest they file a bug report. The m2t community is active and friendly.<p>The other bonus of m2t is you can edit the files in PGFplots, which is a powerful and complete language/library. For my use case, it was important that my plots be repeatable, so manually doing it with Inkscape would be tedious. Having easily editable source code allowed me to write scripts to filter the output to what I needed.<p>The one problem I did find is that pgfplots can be quite slow. This isn't m2t's fault though and can be overcome with TikZ's cache system.<p>Disclosure: I wrote the path simplification in matlab2tikz, but nothing else.