My kid works for a screenprint shop in town, and is in a band, and I know they sometimes will print posters for shows using plastisol. What plastisol really needs is something to grab hold of, like fabric, or paper with a lot of tooth. I imaging the thinner the plastisol, the easier it might be to work it into the tooth of the paper. You'll want to cure it fairly quickly, though, because if you leave it sitting on the paper uncured, the paper will draw out the oil base and leave a stain around the ink.
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