
It comes down to a matter of cost, time, and availability.
There are a few other issues worth noting and we’ll discuss them here as well.

If you are printing line art and medium sized text (14 pt. or higher), it works reasonably well. It is less than ideal for making screens with images that contain halftones, fine lines, or small type. Consider it a workhorse for making screens with run of the mill, simple artwork.
Another disadvantage is vellum paper will shrink slightly when running through a laser printer and this will cause registration problems for creating film positives for multi-color screen printing.
A tip for creating a nice, dark film positive that is easier to expose when burning a screen is to use a special spray on chemical that you apply to the printed image. Commercial toner darkener spray (available at your screen printing supplier) and (believe it or not) some brands of hair spray will make the black image on your film positive much darker–making so much easier to expose and wash out the image on the screen.
There are several manufacturers of laser ready vellum paper and our experience is that they all seem to work with similar results.

On the downside, the time it takes to output the film is of course dependent on your printer but certainly not as fast as you could output with a laser printer. For creating film positives for multi-color jobs, inkjet film is ideal, as there is no shrinkage.
The major disadvantage of inkjet film is cost. It is much more costly than laser vellum paper. Inkjet film comes in both rolls and sheet versions, depending on the type of printer you have.
There are several manufacturers of inkjet film for making film positives for screen printing. Our experience is that all brands do not work equally well. We recommend that you obtain samples of different brands and test them out before making a large quantity purchase.
So what is the bottom-line recommendation? We recommend using both types of media. Laser vellum for non-critical, “run of the mill” single color print jobs and inkjet film for print jobs that have small type, tiny lines, halftones, or multi-colors.