In my opinion, this ink will absorb UV light and emit some visible light. So I recommend you to use spectrophotometer with light source with UV light (like xrite eXact - M1). See picture for your infomation!
Regards,
Delta E
Yes, density if it is measurable would be the best. But if one has opaque inks, then it becomes a problem.
In the end, the best solution is to have a positive ink feed. This ensures consistency during the run and when calibrated to the specific ink, it will be predictable at the start.