"The advantage with EPR is that it is a pressure ratio, and is indicative of engine thrust. Simple physics will tell you how: Force (Thrust) = Pressure multiplied by the Area of application. According to Boeing, EPR is more directly related to, and a much better indicator of thrust than the compressor speeds (N1 and N2), and therefore is more advantageous in terms of accuracy to utilize EPR to control engine operation."
Yes, it tells you what the thrust is more accurately but the numbers are not easily remembered and change wildly with external conditions.
You're taking off on a LR sector at near MTOW. When you line up and press TO/GA, the engines settle down at 1.213EPR. Is that good or bad? Ask the guys at Melbourne...