I make handmade books. I make the paper and do all the binding by hand. I do not do this professionally, and I have figured out ways around investing in expensive equipment to letter the spines. I need advice on purchasing an inkjet printer so I can print, mostly text and line illustrations, on my handmade paper. I will be printing PDF files, so as I understand it, crisp text will not be a problem with higher-resolution (1200 dpi) printers. I don’t want to use a laser printer because ink lasts longer.

Here are my requirements:

1200 dpi or higher
Reasonably high-quality text
Decent speed (1 or 2 pages a minute is fine)
Prints on custom paper sizes up to 11x17 (or 12x18)
Prints on art/handmade paper
Prints 4-color, though I will mostly be printing black or brown text, and some secondary colors (like red or green)
Costs under $500 (but will spend more if someone thinks it is necessary or worth it to do so)

Thanks for any advice you can give!