Yes, it is.
I suppose you want details, too.
I used a reflection densitometer (X-rite 400) when I was making platinum prints from digital negatives. I imagine that you could employ a similar procedure should you wish to abuse the readily available paper profiles and settings that come with matched combinations of papers and inks.
I have some details on how to do this page of my website.
Joe Lipka Photography
There is a lot of information on this website if you dig a bit further.