This is how I do it...
I use the overlay for more difficult to measure features. If I am confirming geometry, I will plot the basic shape, and offset the line on both sides to act as a visual tolerance band.
Depending on the feature callout, the part may be able to be best fit into the overlay.
I plot some calibration feature along side the inspection detail. It is usually a short line, two lines spaced out, a square or a circle. I also label it. The size of the calibration feature is geared to the magnification of the shadowgraph. I can confirm the general accuracy of the overlay from the readout on the shadowgraph.
I usually use transparency type printing media. The material I use has one smooth side for printing and one frosted side to help feed it thru the printer. I believe there is a setting on many printers to support the media. I set the print quality to best and tune the line thickness to as thin as possible while still showing up.
Most of the time an overlay I use only takes up a small amount of the 8.5x11" sheet, so I may print several copies of the same detail on one sheet. Feel free to add text in two sizes, one to be read undermagnification and one for the naked eye.
It seems that once people use the shadowgraph overlay they consider it a useful tool.
I understand that the term optical comparator may be better than shadowgraph, but I don't care.