Dear dlebeau,
Thanks for the compliments, we are just doing our job.
dlebeau wrote:I am never quite sure how much of my quality limitation is hardware vs. software when I scan photos and slides
In scanning as in most things both are extremely important, you can have the best F1 car ever but if you do not have the skills then you might end up crashing yourself. If you are the best pilot ever but they give you a bike then you will be last. Same thing happens in scanning and photography in general.
Bear in mind that scanning is just one part of the whole photographic process. It's best to do things well in every stage and from the very beginning, if you fail during the shooting stage then you might be able to solve problems later (at a high time/cost investment) but you also might not.
Hardware is a very important and crucial point. You are using a flatbed scanner to make a scan of your prints and the Epson Perfection V 700 is one of the finest products you get for your bucks at that, however it might not be the right method for digitizing your pictures because, prints already mean a lost of quality and details which are still present in the film (positive or negative). The best thing to do would be to go straight to the original negative of positive films used to make those prints and create a digital negative (or raw file) from those films.
Hence if you are going to scan films, then it is better to use a dedicated film scanner, in my opinion even though the Epson Perfection V 700 does a great job scanning films, it does not match the quality of a very good dedicated film scanner, but everything comes at its price (you get what you pay for). Good quality dedicated film scanners range from 1500 dollars up to 50000, 60000 or more dollars like drum scanners. In that category you can find the Nikon CoolScan 5000 (although recently discontinued you can still find some in the market and might decide to grab one of those and put it in the fridge until you dominate your Epson), Nikon CoolScan 9000, Hasselblad Imacon, and drum scanners like Heidelberg.
There are some people to claim to obtain excelent results from an Epson Perfection V 700 photo compared to film scanners but again that is a hot topic, so it is also up to you to get the most of your scanner with practice and the right software you might obtain amazing results. If I were you I would try to dominate the tools I have and make sure they can give me no more. If you have the feeling that you have mastered your machine and it does not meet your needs then you might decide to spend some money for an upgrade.
Cheers