If you really want to use different decals for different materials you can put them on different layers and spawn multiple decals on those layers.
Ooh, yeah that might be an option, ill keep it in mind when i get there, thanks :D.
I might be wrong but decals dont really care about collisions so you can just spawn a single decal regardless what it hits
Ive already been using a single decal to begin with and i'm having problems that being able to get ray intersections with meshes could solve. The decals need to be close to the mesh they are supposed to be projected on to look right. Otherwise they seem to fade with distance.
For example here:

The bullet is colliding with a triangle shaped collider that goes over these small stairs since that is more convenient and simpler for collisions with the player. But because the collision is simplified compared to the stairs actual mesh the decal can get placed far away from the mesh and not show up or only show up in some places.
If i can only get ray intersections with colliders i'd have to create a much more complex collider that matches the stair mesh much closer to be able to place the decals closer to the mesh. But creating that many colliders that have no other uses besides this one seems like a waste. If i could get ray intersections with meshes directly i could just use that to determine where the decal should be located.