With a high resolution inkjet printer, the output is near perfect. However; it is significantly more work than toner transfer (more steps... the copper has to be coated/laminated with photo resist, exposed, and developed) so depending on the precision you actually need, it may make sense to be able to do both methods.
Yes, it takes more work but:
1. The nearly 100% success rate once you master the light, exposure time, transparents type, distance, etc. makes up for the toner transfer mishaps.
2. I used to buy pre-sensitized boards, I don't laminate.
3. If you do two layers, being transparent, you can align the two films perfectly, you can't do that easily with toner transfer.
4. It's cold printing so there's no distortion. I tried printing on laser transparents, using laser printer, and the misalignment between top and bottom, once the film cooled, was significant. I'm sure that paper suffers some distortion as well.
5. You can reuse them over and over again and the result should be always the same, if you follow the recipe.
Note that HP printers have the print heads integrated in the ink cartridge, so when you change the cartridge, you get a new print head as well. Over the years, I have learned to love this principle compared to printers that have "permanent" print heads (Epson). There always comes a point where a print head doesn't respond to cleaning any longer, and has to be changed... this is just so much easier when you have the "disposable" print heads, in that you just stop refilling the problem cartridge and use a fresh one instead.
I did not have the same success with HP and Canon. Apparently the ink droplets from the Epson head are smaller and better controlled than the HP. Again, this was years ago and I didn't have access to the best printers probably, but this was my experience at the time. Also, I remember that Epson print options gave me better control than HP.