Washers can seal better. A bearing flipper can be made sealed as well. I know there are a lot of hypotheticals its just I have yet to see a single bearing equipped knife exhibit any of them. I mean think about it. More people have come to the forum to complain about the edge retention of the 0560 than they have to complain the bearings (in any knife) led to a failure in a knife. And we usually will tell that person with the 0560 that the claims of that knife not holding an edge are exaggerated. So i really dont know why people really worry about this issue when i cant think of a single report of a failure that surely could be blamed on bearings. And the few that i have seen where they claimed it was the bearings fault i think was actually the result of other issues.
People also talk a lot about preventing Ti framelock wear, yet in 27 years of Sebenza ownership - how much of that has happened?
I think bearings were a quick and dirty way to make a flipper flip even easier, and consumers like the idea because it sounds like "engineering". But real world bearings require hardened races and either labyrinth or rubber seals to keep grease on the balls and crud out so the bearings don't act like a grain mill.
What isn't sexy is a better thrust bearing. Annular grooves machined into the blade and liners would lower the bearing surface area and seal dirt out, oil in. Same thing with CRK's holes in their PB washer.
Sometimes progress isn't. But when you're spending $200+ on an EDC knife (letter opener), you'd like to feel that a lot went into making it. Hence - bearings.
Or even more redic - ceramic bearings. They're a really bad idea if you can't control lubrication.

