This is a timely subject for me. I've lately been printing extensively for a photo wall in my home. Lots of 12 x 18" prints, all black and white, of places we've been and people we've met. They are from a former Panasonic GX7 and my current cameras -- Ricoh GR, Fuji X-Pro1, and Leica M-Monochrom.
I realize my m4/3 is old technology, but the prints look obviously inferior to me. Still pretty good, but they seem to have less depth. And this print size seems about their reasonable limit.
Of prints from the other three, I see very little difference. Certainly nothing jumps out as a qualitative difference. I know this is not a rigorous test, but I don't care about that.
I did do a same scene comparison between the Fuji and Leica, and, again, neither print jumps out as superior, even with the Fuji color conversion. I am partial to the rendering of lighter grays, so I did a somewhat high key test. The cameras produce equally lovely and delicate upper tones. Maybe a test of the lower tones would be different.
If anything can be said about this entirely unscientific test, it's that I'm amazed at the black and white rendering of the GR.
You can argue with my methodology or challenge my skills, but this is how I shoot and view prints, so it's what I care about and am able to produce. As a result of this, I'm considering selling my MM and lenses. There's a lot of money tied up in them and at my print size, I'm not sure they make sense.
To specifically answer the OP's question, had I done this printing before purchasing the MM, I would not have bought it. Well maybe I would because I like rangefinders, but not with print quality in mind.
John