I don't understand this, though. Washers are either some type of plastic or bronze, while the bearings are, functionally, all steel.
How do the bearings hold up to hard use? I imagine it's easier for the bearing mechanism to deform and fail than any washers.
Bearings have some issues with long-term use because they have a very small contact surface with the hardened steel of the blade and (presumably) the hardened steel they interface with against the frame of the knife (by this I mean most high-end Titanium knives have a steel racer for the bearings so they don't wear the Ti down). This very small contact surface makes the wear much greater over time, though you are right that the steel as a whole will resist the wear better. It is not enough to stop the from generally wearing down faster than Phospher Bronze washers though.
This is because washers (when done correctly) have a much larger contact surface against the steel, and the steel interfaces are usually smoothed out much more as well, greatly reducing the wear.
I have a Shirogorov on bearings, a 95T, and I love it. The reality though is that a bearing pivot is not as strong as a washer pivot. I would really like to get a Hati with M390 steel and washers for a second user honestly so that I can have a knife that will help distribute use against the 95T. Not an easy thing to find though, and honestly finding a great flipper on washers is hit or miss.
That, to me, is the absolute best advantage of bearings. It is MUCH easier to make a good flipper on bearings than it is a good flipper on washers. The tolerances, fitting, and tuning are all much easier to do on bearings, and that, at the end of the day, is the main reason most manufacturers and custom makers use them. Plus, the performance on washers is not as standard, and when people hear that something is on bearings, it seems much easier for the community to believe it is a very smooth or effective flipper.
I prefer washers, but a lot of my knives are on bearings because the makers and designs I like tend to have them. That's likely the fault of the community as a whole, but I also know that the knives won't fail me for years, and I have had nothing but good things to say about them.
Now, I will say that there are some materials that DO work better on bearings. For example, it is nearly impossible to have SM100 run smoothly on washers because the surface of Sm100 becomes rough when it is treated. Now, you can try to polish it and finish it smoothly...you can try. It is a long and rough process. Some makers do it, but most really just don't want to put the immense extra work into it and bring the price of their knife even higher.
That example is in the $1000+ range of knives at the least, but in some regards that makes it even more relevant to this discussion. I don't really have an issue with bearings on knives less than $400, or knives that I don't intend to use hard and frequently, but when you're spending $600+ on a knife, there really needs to be some serious discussion about longevity and tolerances in the pivot.
Alright...I'm done...for now.