Well... it's "nearly" impossible, due to Acrobat's horrible API. But, Acrobat 6 IAC provides a "GETJSObject" method. It's supposed to be COM, but is so poorly implemented it's actually Visual Basic ONLY. That allows you to perform a "SaveAs" PostScript. Distiller also has an automation interface.
So, with a good deal of non-intuitive programming, it would be possible to take a given folder of PDFs, save them as PostScript, and re-distill them as black-and-white PDFs, automatically.
Every single project I've ever attempted, using Acrobat's IAC, has had to be scrapped due to bugs, and/or non-implemented or poorly implemented objects and methods.
Look into Batch Sequences, instead. You can SaveAs PostScript through a batch sequence. Then, when you're done, drop them all into a Distiller Watched Folder. That is almost automatic.
Thomas D. Greer