Digital BW, The Print

Until the end of this month, the 1280 can be had for $299. I have one
now, mounted on my Win2K machine with a CFS and Gen2 pigments. My
1160, with MIS VM (and Paul's curves) has given me some memorable B&W,
but it has just collapsed. Now that the new cartridges are available
for the 1280, I'm tempted to replace the 1160 with a new 1280, using
COLOURED inks -- MIS' pigments probably -- IJC & OPM, and my Eye-One
Photo, to experiment with a do-it-all printer. I have the impression
from Lou Dina's generous contributions to the list that this combo
will permit B&W and colour from one printer with no sacrifice in
quality. Have I got it right? Do any third-party bulk inks especially
recommend themselves to this project?
Bob Bollini