Hi Mark,
It is quite possible to get a good, convincing black with a platinum/palladium print. The three factors that determine print tone and the depth of the black are: ratio of platinum to palladium, developer and paper. I think there has been a trend in pt printing over the last 5+ years towards warmer prints with as long a tonal scale as possible. Today, many printers are using very little or no platinum in the mix. This leads to warmer prints (not a deep a black) and longer tonal scales. In part, I think it is economic, palladium cost much less than platinum, in part it is aesthetic, it looks more “platinum” and distinguishes the print from silver, and in part I think it is technical, the NA-2 method for pure palladium printing was introduced recently and people have been pushing the boundaries of what is possible with palladium alone.
I have several pure palladium prints done by some of the best printers alive today. They are stunning. But, they do not have a true black. It's not right or wrong, it's just a personal preference. It is no different than one silver printer using a cold tone paper and developer and selenium toning the print and another printer using a warm tone paper and developer and sepia toning the print. Both can make excellent prints, but the final results are very different.
For my own work, I like to have a good black in the final print. But, I like the mid-tones warm and the high-lights to be bright, with a touch of warmth. I experimented with a lot of combinations and finally settled on using equal parts pt/pl, pot ox developer (a warn tone developer) and white paper. I also use natural papers if I want the highlights warmer. With the proper negative, I can get a very long tonal scale, but not as long as I would with pure palladium. To me, it is a good compromise. I suppose for some the prints would be too silvery. But, they please me.
Platinum printing is wonderfully flexible. You can get very cold tones with rich blacks and you can get exceedingly warm tones with no blacks. Its up to you to find the combination of materials that match your artistic vision.