Using a 4230 Printer with an IP print server

Subject says it all. I have a 4230 printer that is currently has twinax, serial and parallel ports. The new 720 can't talk twinax so we either ditch the printer or:

1) Get a IP to Twinax converter (not worth the money...)

2) Connect the printer to a PC using a parallel cable and use a printer emulation session to connect to the i. (haven't tried this yet but it looks promising)

3) Connect the parallel port on the printer to a print server and use TCP/IP to print to it.

Option 3 is what I am wondering about. Could I create a printer device description that would basically do what option 2 would do? That is, send a printer stream to the print server that would correctly output the print job?

Looks like the only option with *LAN and *IP is a 3812 model 1. But maybe I need to use *RMT or *VRT ? I guess what I am asking to start with is, has anyone used a print server attached printer with their IBM i? What is the best approach? Can you point me to some examples to get me started?

Thanks.