I doubt it. There's tons of tricks and things that can be done to steganographically hide data in images. And given the algo is hidden, and the data is hidden in plain sight, we have to go to a level that can't be hidden from us.

Printing in different inks also wouldn't show us a way to diff 2 printed images. Whereas, saving the pulses from the CMYK pins would do that.

When you have a datalog of lots of pulses that represent a picture, you can back-calculate it into an image. You can also diff it without relying on losing data from scanning (or paying attention to the wrong thing). And with enough samples, we can recalculate the algorithm. With the knowledge of what they're doing, we can then start scanning other images for this... But only once we know what they're doing.