Personally I usually power my prototypes from my bench power supply (it's an old ATX PSU). As you say, it saves picking a VReg at this stage.
Yes, you should have a nice meaty capacitor where the power enters the board.
On the times where I do want to have an unregulated power input to my prototypes (say a wall wart) I usually over-spec the regulator to use, so that I don't have to worry about the power requirements changing. I often don't worry too much about efficiency at this point though, and very often go for a linear regulator with heat sink where a switching one would be far better, but for a quick-n-dirty prototype it's not too much of an issue.
It is quite common for the power supply portion to be on a separate board any way - makes for a more modular system that is easier to design / redesign. Also if you are involving high voltages (well, mains - I know some of you don't think of that as "high") keeping it away from the main board is best as it means you can have the board running and not worry about handling it live.
What's your work environment? Mentioning toner transfer makes me think you're a hobbyist (which is fine), but as a hobbyist you're doing this because it's fun. Your time takes on a different value, and your budget outlook is quite different.
As a professional, I build circuit boards because it makes money for my employer. I'm paid fairly well, and it's not economically sensible for me to mess around with toner transfer and trying to solder to that board. I take my time and try to do it right the first time, send the boards out for manufacture, and move on to other projects. When the boards get back, I send them through the reflow oven or have a tech solder them up (the former is easier with soldermask, the latter is easier with silkscreen and soldermask) and test. If it works, great! If it doesn't, I revise the board accordingly and try again. Usually, the board works the first time, but if not, I revise it and send it out again.
Making a toner transfer board (or, at my workplace, a board cut out with a PCB router) is valuable when there's a major time crunch and you'd rather spend extra time to make sure that your prototype for the prototype works, rather than counting on the real prototype working the first time. I'm not going to sell or mass-manufacture routed boards, and they're laid out fundamentally differently than professionally made boards:
- Vias are free on professional boards, and difficult, large, and time-consuming on self-made boards
- Soldering is much more difficult. Keepaways, plane spacing, and thermals all behave very differently without soldermask. I'll work to make soldering easy on a self-made board, but lay out a professional board differently.
- Trace/space is smaller on a professional board. This could lead to major layout differences on some boards. Especially with high-frequency signals, moving things closer together can change impedances and cause problems.
- Some parts simply can't be soldered effectively on toner-transfer boards. 144-pin QFPs, QFN and BGA parts, and other tight layouts are far, far easier with soldermask.
In most cases, it's a better investment to send out for a few samples of the final product and wait for shipping than to do a toner transfer board as a prototype. If you enjoy doing toner transfer stuff, enjoy getting better at soldering, and your time isn't a part of your budget (hint: It isn't, even if you're a hobbyist - you have limited time too), then toner transfer makes some sense. If not, just get the real thing.
Best Answer
1 or 2A is not that much. If you are worried you can solder some moderately thick wire on the parts carrying larger currents.