1 line of 80col text per card is pretty awful though, and then you bring back all the horrors of 60s card sequencing but for bigger files.
Some kind of 'barcode' encoding, with heavy error correction, would probably be better. I've seen attempts that claim 500kB per side using a largely unmodified QR code system, but I suspect better could be achieved - the method of scanning is probably going to be the bottleneck anyway.