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I'm sorry I can't reply to your question about Monoco or ProfileMaker but I can speak from experience with PrintOpen.
PrintOpen is a very easy program to use if you don't get into the advanced sections. If you make sure your press is producing a consistent press sheet you can make your proof match it wonderfully. Use the small PrintOpen Standard Testchart with a hundred something patches for your press. Create the icc profile.
The trick with your system is to create a bpl (epl with the new Meta) that matches your paper. This is a paper linearization file that controls the amount of each ink to spray on the paper. After that is done you can print out an ECI2002 Visual testchart and make an icc profile for the HP30.
These two steps alone will get you really close. You may have to do one Visual Correction to dial it in.
In PrintOpen when generating the icc profiles be sure and use the default settings for "Offset Printing" or "Inkjet Proofer" depending on which one you're making.
As far as the question to "is it worth the cost?" How much are you loosing not having an accurate proof?
I hope this helps. Good luck.
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