Which approach one takes is obviously influenced by factors such as how important lightfastness is, what print tones are preferred, cost, flexibility, etc.
I, personally, have been an advocate for using 100% carbon pigments for the best longevity. At page 2 of
http://www.paulroark.com/BW-Info/Eboni-6.pdf I summarize some of the most relevant
http://www.aardenburg-imaging.com/ fade test data. This is becoming a bit dated, but with respect to longevity, the 100% carbon pigment approaches are going to fade at less than half the rate of the OEM B&W approaches, depending on how the Epson or HP images are printed. The differential can be much greater.
The only 100% carbon pigment approaches I'm aware of are the MIS Eboni and Cone Carbon Sepia. The OEM gray inks are not 100% carbon. It takes about 50% color inks in a mix to neutralize the warm carbon that is needed for glossy printing. The Piezography inks aside from the carbon sepia are not 100% carbon.
The main challenge with using 100% carbon if one wants a Lab B to be less than 8 (on matte paper, higher on glossy) is to find a pigment and paper that print more neutrally. That is what has made the MIS Eboni approach unique. It can print with a more neutral tone (lower lab b) than other carbons.
For most printers, the extreme longevity of 100% carbon is probably overkill. When it comes to adding colors, controlling the print tone can be a challenge. Also, the colors, particularly third party pigments, tend to fade at different rates. Again, for medium term display, all of the systems will be fine. For longer term, stay with the OEM colors.
I personally find it easiest to use the HP Z3200 PK and grays (which can be diluted from the PK), which are the most neutral and, for this coolness they exhibit, the most lightfast. So, I use HP grays to cool my Eboni carbon when I want cooler matte prints.
As one can gather from the above, if you are interested in flexibility and a more turn key approach, the ABW OEM approach may be the easiest route. For me, Eboni carbon on Arches watercolor paper is the most satisfying, and the medium I think will last the longest FWIW. It doesn't hurt that it can also be by far the least expensive.
Paul
www.PaulRoark.com