Would be nice it if were actually that easy. But for your suggestion to work you'd need a monitor that can perfectly duplicate the full gamut of a given paper/ink combination. At the present time no such monitor exists. The present paper/ink gamut exceeds every monitor on the market. The only way to accurately check is to do a print comparison.
How do you propose someone looking to purchase a printer do anything other than guess whether any given printer they don't have will be able to print "accurately" any given image they have?
As for monitor's being unable to show all colors a printer is capable of, this is often stated and can be misleading without pointing out the rest.
Even a lowly standard monitor with a display limited to sRGB (after profiling) displays roughly as many unprintable colors as there are printable colors that will be clipped and cannot be accurately displayed. Hence soft proofing adds value even for these.
A wide gamut monitor displays about 10 times more colors than printers can print compared to the much smaller number of printable colors that can't be displayed.
However, if one is specifically interested in whether an image can be printed with better color due to increased, specialized inks, the technique I use works quite well. It enlarges the monitor's response gamut by desaturating all colors. It is similar to the desaturation that occurs when viewing a luster print in diffuse ambient light. Comparing soft proofs by this technique is just as useful, gamut wise, as comparing physical prints side by side in diffuse light rather than strong lighting at 45 degrees in an otherwise darkened environment*. The prints will be somewhat desaturated and inaccurate but differences are visible.
But the larger issue that makes for different looking prints are those from texture, bronzing, lighting not sufficiently close to D50, amongst others. And those (aside from lighting which can be addressed by special profiles) are outside the scope of profile technology and monitor's generally. A theoretical gamut larger than a printer doesn't address those. They remain and only physical print comparisons resolves differences.
So physically comparing prints is highly desirable, but infrequently because of monitor gamut limitations.
* The 45 degrees lighting is necessary when viewing prints for "accurate" color since that is how profile targets are measured with a spectrophotometer.