Have done it in the past. Just do it in 2 or 3 light layers. Too much, too soon & it’ll just crinkle up as the solvents eat the vinyl.
2-pack seems to be better as it’s no where near as aggressive (but being phased out I think), moving onto water based paints these days in pro-spray shops.
I would suggest that it’s not the best idea for a flawless finish. Factory decals are much, much thinner than standard vinyl. You’ll probably end up with a bit of a ridge unless prepared to clear coat 6+layers & sand it back down over the vinyl.
Dave