I'd say it has more to do with the fact that the image forming material (silver, toned or not) is the actual desired hue. With a color printer, the desired hue is "built" from a blend of highly saturated color ink dots, very susceptible to the phenomenon.
Another reason Bruce's comments about the monochromatic ink sets is true.
You did not say which Epson inks, even the difference between UC and UCK3, and what driver was used, RGB, ABW, QTR, or another RIP will make a big difference.
Tyler
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