When you get options that are "crossed out" it means the Apple CUPS drivers have taken over ... these are intended for consumer printers and don't access all the of the higher end options. These utilize the CUPS printing system and can be very problematic. Never allow the Apple built in software update mechanism to install Epson drivers.
To clear it up is also sometimes not easy. You may wish to do a search for gimp-print uninstaller to try and get rid of the apple drivers, then use the Epson uninstall utility to clean out the old Epson stuff, wipe the printing system on the mac clean, then start with a fresh install of Epson driver. Here's
an article I've referred to others on how to try and clean out the printing systems on their macs.
I recently fought an issue where after clearing everything up and getting my printers to operate correctly again a couple of days later I found they were suddenly back to Apple drivers. I would clean it all up, re-install and a few days later they would revert again. Rather than trouble shooting it I was installing a new SSD as a boot drive anyway, so I started with a fresh install of Lion to make sure there were no CUPS drivers on the startup disk. Things working great now, I'm not sure what caused the problem (although I'm guessing some permission issues where settings weren't being stored correctly or a some corrupt preference files).