Digital BW, The Print

I was recently given an old Epson 1270 printer on freecycle and was thinking of using it for a dedicated b&w printer. It's pretty dirty but a good cleaning got all the jets working. 

First, is it possible to set this up as a b&w printer, preferably with pigment inks? 
If so, is it desirable or should I forget it and look for a newer printer to work with?