Once a file is in LRF, the only font adjustment you've got available is the "Size" button on the Reader. However, unless you've changed it, it's probably already on the smallest setting ("S" -- the other two are, shockingly, "M" and "L"

).
Assuming that's the case, the only place you can change the overall size is
before you make the LRF file in the first place. Hope that helps.