I wouldn't think so. The pin is "mushroomed" out on a solid bolster (on the one I saw- a congress) so there's actually more brass (or nickel silver, or steel, whatever the pin happens to be made of) holding the thing together than in a standard hidden pin. I'd think it would take longer to loosen up.
They should hold up just fine. Many other types of folding knives use exposed pins, with great success. The flush-ground pins used in most American traditionals are kinda odd-ball, compared to much of the rest of the world's cutlery.
It may be cheaper and easier, but it is a really good feature. I have it on some knives, and when the knife gets loose with wear (especially nickel silver and brass frames/bolsters) a little tap with a hammer using the anvil of a vise and all is well again.
I had a custom slipjoint with a flush pivot pin that got loose and sent it back to the maker with $20. I asked him to put in domed pins so I could tighten it up myself in the future. He said "repairs are free" and sent back my money with a "repaired" knife. However he didn't give me a domed pin but took out the pivot pin and put a single washer in instead (A metal washer in a nickle silver frame/bolster sway back custom trapper???). Of course it loosened up again.....not all customs are well made (maker is "old and experienced") and not all makers are "with it."
I ordered two of the stockman and both have a lot of blade play from side to side. I have not tried to tighten them up but I am very dissapointed with them.
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