[quote="bik"]
"If your first click on the "Front Face mode" and then (whatever reason) you directly click on the "Greyscale mode", you will lose irremediably your colored model. Impossible to come back, so at this moment, pay attention to not save your model after changed the mode folowing this sequence !"
Thanks Bik for pointing this out, it happened to me. So here is the work around.
Probably you have saved some preset views and perspectives during the design that you want to preserve.
First, Save the model.
Then "Save As (model name)BW.skp.
In the BW (black & white clone model) make the whole model a component.
Then you can apply the Greyscale plugin, with your original donor model secure in the original coloured textures.
When the original is further developed, Save that and open your BW clone, right click on the model (which we made a component, remember) and select "Reload" and choose your original donor model.
Or you could delete your clone component in the BW drawing, Copy the original donor from its file, and "Edit/Paste in Place" it in your BW drawing.
I hope that helps.