Michael, I thought about when I wrote the message, but without a lab or spending some money it is impossible to accuratelly tell how much of it is replaced. A "visual" check with a densitometer is actually a very accurate indication of the degree of removal.
We can think there are two possible scenarios. One the pd completly "coats" the silver thus inhibiting bleaching, and the other one is that pd replaces the silver. Occam razor tell us that if we hear hoves we should think horses not zebras...or KISS. I think that if you heated the pd toning soultion, the reaction would be 100% or so close to it that for all practical purposes it makes a pd print.
I wish I had access to a lab, since the implications this experiment has can be very interesting. Making a pure pt print is a PITA, but if this reaction behaves the same way with pt then making pure pt prints would be no longer so difficult and much, much cheaper...
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