Does it have the same dynamic range? No.
Does it have sufficient dynamic range for most scenes? Yes. I've gotten an easy 11 stops (9 with detail, +black and white) with 5x4 160PortraVC. Didn't show me any color xover or other interesting artifacts either. This was a photograph I made of a white flower in full sun with dark green leaves in full heavy shade, made around 2:00pm in June, northern hemisphere. IOW, about as bright as it gets here. Film handled it easily enough.
Does this mean you should use color film for B&W prints? No. See
this thread for more arguments pro and con.
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