Sarge: In preparing a pocket songster on a low budget, I'm transcribing the melody line, chords and first verse in Scorewriter by Cakewalk (cost me $39), which allows me to print the music in Adobe. From Adobe, I fine tune it and convert to EPS format.
I'm doing the layout with QuarkXpress (wickedly expensive, alas), drawing in the music notation as if it were a picture or graphic and word processing the additional lyrics.
I expect you'll get a lot better advice from jeffp, but offer this as a possible alternative. (One benefit of Scorewriter is that words and notes are more or less automatically lined up, as long as you put the -'s and _'s in the right places. Still, transcribing would seem to be a lot more work than converting from ABC).