If you guy wants to master the art of B/W printing. You must first understand what makes a good B/W print. Cos this will very well affect the way you do your digital correction. For people who do not have the advantage of working in a darkoom, you can learn more from black and white photography exhibition held every now and then. I think they are crucial in how you work. There are also good books, referencing from B/W masters like Ansel Adam which will good you a good start.
Of course there are limitations working with digital photography. Film and digital are simply two different mediums. If you are really a true euthusiast, you will somehow find a way to find the answer. You won't be satified with just an answer. You will looks into different answers. Likewise, digital photography isn't everything. Neither is film.