This is a really good idea. Printing can use a lot of computer resources. It is not unusual to get print job errors (file did not print) because other tasks apparently used a portion of the computer resources, requiring reprinting either all or part of the file. This is using an HP inkjet and winXP.
It is also possible to save different settings for printers under Windows. I have the inkjet setup with two profiles. One for color and one gray-scale only. Probably could do the same thing with labels, photo paper, etc.
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Rob
SW Montana's Online Community
Modular Model Railroading