I've never really thought about tracing paper as a viable solution. At first blush I would think that you would have a tough time getting a sharp image due to the nature of the medium and the way it diffuses light somewhat. Since you offered it as a suggestion is it safe to assume you've gone this route before. And if so how well does it work in general?
Tracing paper works just fine as a medium for photo artwork, 12/12 is my standard parameters but I etch down to 10/10 in a pinch, and could do 8/8 if I really really really really wanted to.
Of course it's not as transparent as, well, transparent stuff, but it's pretty good. My standard exposure (dry film) is currently 53 seconds under UV leds, and if under sun, well about the same really, you just have to experiment a bit.
I use a single print, some people double it up and do a longer exposure, but I find it's better to just have one print and a shorter exposure myself.
After developing the dry film, I re-expose for about 5 minutes to fully harden off the traces.