[Leica] Paper profile question

[Ken Carney]

Tapping the wisdom of the LUG:  I would like to start making my own 
paper profiles for b&w on Epson printers.  B&H has the X-Rite kit on 
sale for $389.

https://www.bhphotovideo.com/c/product/1369004-REG/x_rite_eostudio_i1studio.html

Will this be a good solution?  Now I am using the Spyder 3 Pro for 
monitors, and the factory profiles for papers (Hahnemuelle, Epson etc.)  
This is with soft-proofing the paper profiles then adjusting if 
necessary.  Most of the time the prints are good...but I would like them 
to be better.  Previously I have used ImagePrint with good results, but 
dang it is expensive to keep upgrading for a hobbyist.

Ken