If all things were equal (they rarely, if ever, are) then the maximum black method of printing would seem to be effective. The discrepencies that arise to prevent this are several. The first is that one would need to be very consistant with their metering practice. By this I mean that each scene would need to be metered with a spot meter and the zones accurately placed insofar as film exposure. Please remember moving the exposure shadow value one zone will alter the low value density by .30 This amounts to a doubling or halving of the maximum black exposure time.
Coupled with the consideration above is the difference that alternate development times (to adjust for differing contrast in the scene) impart into the mix. While it is true that altering development times affects high density regions to the greatest extent there is also a measureable impact on the low value densities even when the metering is accurate and repeated.
Not only does altering development affect low value densities it also affects film speeds. Therefore when one thinks they have the EI nailed down it is in fact a moving target dependent on development time. So while the Zone system as proposed by Ansel Adams among others is a better then no system, it still does not address all of the variables that one encounters in the process of producing a fine print. It certainly does not accurately address the variation in film speeds that varying development times imparts.
All of these affect the so called "maximum black" method of printing. But that still does not even begin to address the characteristics of the paper, paper grade, and emulsion. So what then is the answer to this dilemna? I believe that the most comprehensive method yet devised is the BTZS because it seems to address this in the comprehensive manner.
I am sorry to rain on anyones parade on this but maximum black printing, while it may work for some in some situations, seems to be rather incomplete and highly inaccurate.