From my first-hand experience with Epson P400, I can vouch for MK being more UV-dense than the PK. The disadvantage was it took longer to dry to touch so it needed a little more care to handle. The P400 ink-set is different from the 3800 as well as the newer P600/800 printers, but I would expect the relationship holds for those too.
Just a point of caution about not wanting to switch back and forth between PK and MK, I have read that if the printer is kept on one channel for a long time, the other channel could get clogged up or the switching mechanism itself can get frozen. So it is advisable to perform switching every once in a while.
:Niranjan.