Theres a plethora of datatypes for just about every esoteric file format going on aminet under util/dtype :-)
Installation is usually pretty simple - most of them have standard installer scripts you just run and let the installer do it for you. For those that dont, its still usually quite simple:
Typically a datatype has 2 components. A descriptor (used to identify a file format), which goes in Workbench:Devs/Datatypes and the actual datatype itself that goes into Workbench:Classes/Datatypes. The latter file typically has the ".datatype" extension.
Once your datatype is installed, all OS3,x datatype aware applications can load files of that format.
If you just want to view the images on your workbench, once you have the datatype, no conversion is needed. You can use multiview to open the file and all the colour conversion etc. is handled transparently for you. It might take a few seconds to display on an 8-bit screen however. As I say, you can save any image from multiview as iff, but I'm not sure if it is saved as 24-bit format for 24-bit source images (like jpeg).
I'd go with CaptainHit and say that PPaint is a good tool for permanently converting the files to iff 8-bit.