I've printed with the Micro-Mark inkjet printer decal paper. Works great.
HOWEVER....
What Jlm1973 sez is correct....lighter colors will disappoint. Take yellow, for instance...very transparent...almost like a yellow gel. Not aware of how to correct for that...except, maybe, double decaling...which you would only want to do if you glossy sealcoat the first decal before laying the second. And then the film thickness will be that much more apparent...a downer for many. Never tried it myself, but I've read of that suggestion a couple times.
This project was lettered (simply black) using the M/M clear film paper in our printer (sealed after printing, of course.)...
If you try the Hobby Lobby paper, let us know how it goes.
KD