Ok, after much more adjustments & testing, I've come to what I feel is the best B&W photo settings so far. Here's the recipe:
Color photo in Photoshop, turned to B&W using the following method:
Crop to desired size.
Layer > New Adjustment Layer > Gradient Map > Black & White.
Layer > Flatten Image.
Image > Image Size > leave all settings, but make sure one of the three possible "BiCubic" options at the bottom are selected.
Save as highest possible quality level (12). Baseline Standard.
In Roland VersaWorks:
Media type I was using: Rite Media Matte
Paper.
High Quality (1440x720)
Interpolation: BiCubic
Color Management Preset:
Sign & Display >
Properties: Simulation Target Profiles:
RGB(R): Roland_SignRGB.icc
CMYK(C): Roland_SignCMYK.icc
Matching Method: Perceptual
Preserve Primary Colors: Checked "On"
Color Management tab: C-2 M-2 Y-2 K+2
While this results in a B&W image which is
slightly on the green side, it's the best I've got so far without noodling with profiles. The only other results I was getting were a little too warm/brownish.
Turning the photo to Grayscale in PS did not work no matter what myriad settings I tried after that. They were always far too brownish and grainy.