Hi Oakelch
We recently converted a paper form to electronic one in infopath
The original form was about 20 pages long, and we reduced this by about 6 pages all in all, as there primary was to reduce waste paper, but keep things userfriendly.
As far as im aware you can set background images, although you cant absolute position it, i think upper left or right are the only positions the BG can be set.
depending on the the ammount of fields the conversion cna take a little bit of time, especiialy if theres validation rules to go with it.
If yiou decide to go a head i would have a sit down and plan how your going to do espcialy with layouts, as info path can be a bit complicated with tables on how there formated.
If you need help ill be more than happy to :)