Well for normal single sided or less densely populated double sided PCB's with down to 17 thou track and 40 thou clearance using the A4 glossy ink-jet photo paper (140GSM) from Asda Smartprice (the cheapest i have found at 30 sheets for just under £3.00)
And a second hand HP LaserJet 4L with a £8.99 replacement toner cartridge!
the results are impressive. I made a simple connector adapter PCB for one of my contracts in work a couple of weeks ago. Even without copper filled areas I was able to etch the above spec with minimal toner etch through.
The photo below is that PCB prior to etching showing the toner traces that have been ironed onto the FR4 laminate.
I use fine etch crystals bought from RS 363-6573 i think they are potassium persulfate crystals, much cleaner and easier to use than ferric chloride. you can see the copper etching away as the solution remains clear only taking on the slightest blue tinge when used.
it also doesn't stain the kitchen sink so it keeps the wife happy!
This PCB has standard IDC 0.1" connector on it and you can run tracks in between the pins no problem. The finish on the edges of the tracks can be greatly improved by copper filling as much as possible so that you are not waiting for the last bit in the middle of the copper area to etch away. using this method there is really no reason why you cannot achieve tracks thin enough to connect to the 144 pin LQFP used on the bigger brother of our XDP512 chips.
I also use the blue thermal transfer sheets but usually only when i have to cover over through plated holes and vias.
Registration of the layers can be difficult if you don't print alignment marks on the transfer paper, a light box is very helpful too!
Contrary to belief through plating is not that difficult to achieve at home. you need an old fish tank or similar, a car battery charger or hefty PSU, some copper bars or old copper pipe, an aquarium air pump, and aquarium heater, sulfuric acid 35% and just a touch of hydrochloric acid,
Copper Sulfate Pentahydrate Crystals, copper gleam start up and de-ionised water, and some conductive ink from this site:
www.thinktink.com, a colleague of mine has built one at home for plating various metal parts and PCB's we plated a PCB for a project at work the results were surprisingly good and very solder-able. there are some pretty obnoxious chemicals in there though so its one thats best done in a well ventilated shed with gloves, aprons, goggles and a tap with lots of water available!