I don't suppose anyone manufactures a black & white ONLY projector?
Not that I know of, but theoretically it shouldn't be that hard to modify a single chip DLP PJ to be B&W only.
Would probably entail replacing the colour segments in the wheel with suitable ND material, or else removing them completely and using an ND filter on the lens.
Depending on how the PJ is designed, it may be possible to remove the colour wheel completely - probably depends on how the PJ detects wheel speed (whether it's a sensor mounted near the edge of the wheel itself or whether the sensor is inside the wheel motor).
Would be interesting, but TBH you'd have to be a bit brave to take a screwdriver to a brand new PJ - even a modestly priced one such as the 5120.