There aren't actually that much better described tracing algorithms and most of these have been developed (their basics) years ago. - For Inkscape the community around that has added color quantisation and center-line tracing capabilities etc. to the underlayed and used potrace base. Some also added additional autotrace interoperations for it, since that one (autotrace) supports centerline tracing as default, beside color tracing. - So I doubt one will actually find that much better tracing algorithms for reuse, where licensing for (re)usage in a commercial product is also another theme here then.
maybe I'm missing it, but is there an option to open a JPEG, or bitmap image
and trace,or convert it to a vector file for further editing? If not there should be one, it would be a great option. even if it had only a few modes like black and white, and 5 color
it would make me convince me to convert from adobe illustrator