When I was making a crazy quilt, I used thin muslin and drew the lines on the back (they need to be reversed as it is the back, not the front). It worked very well. I do not use the "add a quarter" method when sewing, so don't need to be folding back to trim. Sometimes I did have to take out a few stitches if I really stitched past the line.
It would be work, but I don't see any reason why you could not do that with any FPP pattern, and I've done a lot of them. A nice light table would make tracing a lot easier. You might have to wear ear plugs while working with the paper to do the tracing, but that shouldn't take as long as the sewing part - or maybe get someone else to do that part for you. Provided they have a steady hand (or good ruler skills).