Mike,
I use home made decals on Monokote often and this is what works for me.
1. To get the decals to stick to the monokote, I brush on some "Setting Solution" that I got at the model train shop.
2. After they are on and dry, I make a "mask" out of low tack shelf paper. The mask is larger than the outside of the decal by 1/4 to 1/2 inch. I use it to prevent overspray on the rest of the wing.
3. I spray on a couple of coats of gloss clear Lusterkote. It it pretty fuel proof and seals the edge of the decal.
One problem I have had with my home made decals is sun fading. We get a bit of sun here in Tucson, so they sometimes fade quickly. My fix for this is to spray the decals before installation with a special version of Krylon clear that has a UV filter in it.
Steve