See also console font
With a default install of Lubuntu 14.04, going back to various earlier versions, I had an excellent console resolution.
Upgrading to the proprietary video drivers destroyed that feature, dropping it to.. 80x24 or so. This isn't just terrible, it's terribad on a widescreen. Because of the resolution switch, going from X windows to the console is extra-slow, which made me never want to use it.
These are some notes when I was trying to solve this problem. I eventually gave up, and just used the open source video drivers.