I am creating a transitional serif face and it occurred to me that it was pointless to create an italic and a bold weight of it. Is it normal to create just a Roman/normal weight? Has this been done before (for a commercial face)?
If your goal is to produce a fully featured text face, sure, you need at least a plain (Roman), bold, italic, and bold italic. Small caps, old style figures, and extended ligature and swash sets in each of those styles are highly desirable.
Other than that, making a single style is not at all unheard of.
Captured from web.archive.org on 14 Oct 2013. view this capture