MRCP is not an invasive procedure and not done by IR docs. Its basically a heavily T2 weighted abdominal MRI which shows the biliary and pancreatic ductal system to better advantage. You cannot treat patients using this technique.
It basically has its major niche in the subgroup of patients with possible biliary obstruction or choledocolithiasis, but not definite findings. If you know there's something wrong (highly dilated duct, severe symptoms, etc), you go to ERCP. If the findings are equivocal or the patient is high risk (85 y/o w copd, cad, etc), you can do an MRCP first to see if there really is something to go after. The other use is for monitoring of primary sclerosing cholangitis, biliary tumors, or for evaluation of the pancreatic duct.