We have studied oil-in-water emulsions stabilized by monodisperse, fluorescent silica colloids presenting either a smooth or a rough surface. The presence of the fluorescent core allows for direct visualization of the colloids on the surface of the emulsion droplets. Droplet interfacial tension, measured by micropipet tensiometry, is not modified by particle adsorption at the interface, suggesting a purely steric stabilization mechanism. Surface roughness is shown to considerably lessen the ability of particles to stabilize droplets. At variance with what is commonly assumed, no straightforward relation exists between the extent of particle interfacial adsorption and emulsion macroscopic stability; stable emulsions can be obtained even with very low droplet surface coverage. Finally, we directly monitor the Brownian motion of the adsorbed particles, showing that their surface diffusion coefficient is very close to the bulk value. Evidence of a possible role of particle surface dynamics on the stabilization of poorly covered droplets is presented.