You mentioned printing an "IT8" target which I assume to mean a CMYK IT8.7/4 target.....since you didn't mention using a (CMYK) RIP such as ColorBurst or similar, that's most likely your problem. If you're printing via the print driver (no RIP) then you must profile it as an RGB device despite the fact that the printer has CMYK+ inks.
Start over and use the Monaco 1728 patch RGB target and you should get better results.
Now, as far as comparing to a "standard", what exactly are you doing and what steps are you taking to print your standard? First off, I would probably NOT recommend using any of the standard RGB working spaces as a standard/reference. Even sRGB is likely to have regions of color that are out of gamut for your printer+media, enough that you'll likely see fairly high delta e numbers. A better standard that is more likely to fall in-gamut for your printer would be either GRACoL Coated1 or SWOP Coated3. These are both "standard" CMYK press targets that should fall reasonably in-gamut (yes, you can print a CMYK target through an RGB profile...it's only the initial printer profile that must be RGB if you're printing via the print driver).
You also mention "linearization" but you didn't indicate you're using a RIP. Linearization is almost exclusively the function of a RIP and it's done PRIOR to profiling....it's not unlike the calibration process you put a monitor through prior to profiling the display.
With a little more info I think we can help you better.
Regards,
Terry
Terence Wyse, WyseConsul
Color Management Consulting, G7 Certified Expert