I am only scanning black and white silver negs in 4x5, but I am trying to get the best scans possible and then use PS to tweak the files for digi-neg printing on Pictorico. Therefore, I do not understand what difference colour accuracy will make in the monitor. As most of you know, the process of making digi-negs for any black and white "alternate process" involves a lot of calibrating of the printer and the profile of the density levels that it will print at, but the colour accuracy of the monitor seems to me to be irrelevant.
Keep in mind, that the process of calibrating a monitor involves not only color accuracy, but also luminance accuracy. Mind you, I have no experience with the iMac, but many monitors, as-shipped from the factory, often have white levels that are far too high (making shadows appear too open), and could have a native gamma that's different than the gamma of your editing space. IMO, it is important to have a calibrated monitor so that all the work you put into editing your photos so they look "just right" on the screen gets translated onto the print.
The process of calibrating the digital negative / printer is the is the process of ensuring that the luminance values in the digital file are printed at the desired (optimum, ideal) levels in the print. But if your monitor isn't representing the luminance values correctly, you will have a much more difficult time in getting a print that accurately represents what you're seeing on the screen.
The reason I am asking for advise is that I have been told that the colour space of the iMac monitor is limited and therefore impossible to calibrate adequately for "Digital Photography". I do not think that I am doing "Digital Photography" and fail to grasp the relevance, but sure don't want to spend $2500.00 on a new iMac only to find out that I can not get optimal prints with it.
Please advise ...
Go ask the folks on APUG whether you're doing "digital photography."
In all seriousness, since you're scanning and doing editing steps on the computer, prior to making your output with a digital component, you are subject to many of the same considerations for editing and output that any other digital photographer would be subject to. If color gamut is the shortcoming of the iMac, then it's not really relevant to you, but one should ensure that there are good (hardware) controls for setting white point and black point on the monitor so that you can get an optimal luminance level and range.
With all that being said, if you are currently using an uncalibrated monitor in the workflow you describe, and are happy with the results, then you *may* not need to worry about calibrating your new iMac. Just keep in mind that the images you have will likely look different on the 2 monitors. And if you're going to go through the effort of making your new monitor look the same as your old monitor, you might as well calibrate the monitor to a known standard instead (typically, D65 white point, 100-120 cd/m^2 luminance, 2.2 gamma).
Good luck--
Greg