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I really like this idea, which probably betrays my age. It was very common in early 80s and I used a similar approach with some logos myself.
I suggest reducing the ascender height, to 2x line thickness, or less. A guide would be to drop the crossbar of the T, deleting the area between it and the x height.
The descriptor font looks completely out-of-place. Perhaps something squarer, less upright. The D and O are very symmetrical, so maybe something that siys better with that.
Move the descriptor line to align with the inside edge of the downstroke of D at left and the outside edge of the downstroke of T at right. Make the dots square and same lighter grey of logotype.
Replace either of the words GRAPHIC or PRINT. They mean the same thing.
Hope this helps.
