“What is the most efficient1 way to generate grayscale – by increasing pixels/inch or by increasing bits/pixel?”. Simulations, preference judgements and computational image quality metrics all converge to yield the same answer. The most efficient way to generate
Joyce E. Farrell, "How to Allocate Bits To Optimize Photographic Image Quality" in Proc. IS&T Int'l Conf. on Digital Printing Technologies (NIP14), 1998, pp 572 - 576, https://doi.org/10.2352/ISSN.2169-4451.1998.14.1.art00059_2