In general a properly made bearing flipper will always be smoother than a washer folder. I actually haven't seen a single garbage bearing folder, from $40 all the way to $300+. I have seen a lot of bad washer flippers, however.
Washers will do the job, don't get me wrong, and when properly made they are buttery smooth and oh so nice to flip. Bearings, however, are virtually frictionless at their best, and make a nice strong detent flipper fire like an auto with a nice solid thwack. Bearings are also harder to gum up with a good cage design because grit has to get past the cage to possibly affect the action, with washers the clearance is more tight, but when grit is in it can actually damage the washers becaus e they are such a soft metal.Bearings do need a thin oil (not thick) if you don't want to run them dry, washers don't really care.
As for the detent ball and stop pin, so long as they are present on the knife you should be fine. Never seen a folder without a detent ball that wasn't designed with some other kind of retention system, and I have never seen a folder without a stop pin (or handle that acts as one).