Laces made as single strip with Solidify modifier. Then applied Solidify, added Multires and sculpted it a bit.
Projected geometry is lowpoly objects with Subsurf and Shrinkwrap modifiers. To refine it I applied both and edited highpoly meshes to remove elements I don’t need from projection. At last I copied lowpoly object without modifiers, added Multires and transfered data from highpoly object (“Reshape” button in Multires properties).
There was no any special about laces, projected geometry took a lot more time really.
I shooted 241 photos (result was not so great I expected) with masked background. I don’t remember exact settings, all about “high”