Name of players on coats

Hi,

I want to know what is the best way (for efficiency, quality and portability) to apply text to player's shirts (which are meshes with textures usually with diffuse bumped shader).

I need to apply the names on the coats and I read e decal can do the work but I would like to have some competent opinion and hints from the more experienced people.

Is better to use a decal or a textmesh? Or another way?

Thank you!