I can’t speak to your specific printer but when I updated to one of the final Yosemite betas and then to the final release I had no issues with Print Tool at all. I’m running an old Epson R2400 over USB though. So Yosemite and Print Tool appear to play well together.
Message
Re: Quad Tone Print Tool ceased to work with new OSX
2014-11-22 by David Swinnard