Hi John,
>>>
it looks as if paper reporting is a major deficiency of Test Complete
<<<
Actually, you can print test logs from TestComplete as it is described in the "Printing Test Results" help topic. However, it looks like there is a problem with this functionality in TestComplete 7.50. If you are using this version, please contact me via our Contact Support form (http://www.automatedqa.com/support/message) so I can provide you with steps necessary to print test results from this version of TestComplete.
Also, I recommend that you see our reply in the following SQAforums thread, it contains some links which may be useful for you:
http://www.sqaforums.com/showflat.php?Cat=0&Number=593635&an=0&page=0&gonew=1#UNREAD
In addition to that, there is a suggestion to improve exporting capabilities in our DB, and your request has increased its rating. Thank you.