You would NEVER get this look with a vinyl decal. What’s more, did you know that vinyls can damage the finish of some guitars? The adhesive in the sticker has a solvent in it that actually attacks a nitrocellulose finish. Most manufacturers with the exception of Gibson have moved away from nitrocellulose so the high risk guitars would be vintage guitars.
Waterslides never damage the finish of a guitar because they use a natural vegetable gum for an adhesive. The only way you would have damage on a finish of a guitar involving a waterslide is if you actually leave the guitar in direct sunlight for extended periods of time. The reality is that the finish under the waterslide remains protected while the remainder of the guitar becomes sun bleached. Kind of like applying sunscreen and forgetting to do the back of your neck, your neck fries while the rest of your body remains protected.