yes, unfortunately, Fusion does not allow decals to be placed where there is no material. Instead, create a surface body that fills the hole, and is co-planar with the surface, and use that to place the Decal, then hide this construction surface
I tried removing the hole, positioning the decal, and cutting the hole again, but the decal still jumps
that is likely the same problem. The only way around it that I know of is via adding the extra geometry to position the decal.