Relative Colorimetric or Perceptual are the normal intents.
Absolute is for printing proofs (which it doesn't sound like you are doing).
Black Point Compensation is normally on.
16 bit/channel will increase processing time, and fails on some printer drivers (or gives wrong colors).
I'm still having problems. I can't seem to get the printer and what I see on my screen to be the same. I lost all definition in my blacks and reds are coming out brown.
be sure to UnCheck the 16-bit option in the Epson print dialogs (it is a known bug that causes dark, off-colr prints)
try reviewing this CS6 Photoshop Manages Colors workflow
and the troubleshooting tips there
make sure you get a cean nozzel test pattern and are printing on the correct side of the paper...