I primarily use bushings and haven't built a non-bushing knife since a few of my early builds. Let me clear up a common misconception even among makers, the bushing does not mean a smoother operating knife. That is not why a bushing is used. That smooth action come primarily from the relationship between spring and tang. However when using a bushing you do want to ensure that the blade will pivot smoothly on the bushing because it will affect the action if you don't set it up right i.e. reamed and polished hole, non marred bushing running surface. Now why do we use a bushing? The answer is simple. It is a superior connection than not. Without a bushing your blade is pivoting on the pin which is peened and its connecting points are on the outside of the bolster or birdseye bushing. There is the potential that over time or if something gets fouled in the pin/blade pivot hole it can slightly rotate the pin causing it to expose at its connecting points. It ends up looking like a halo or like it hasnt been blended properly. This is assming that the maker has mastered blending a peened pin. Without using a bushing you more than likely need to shim when you peen your pivot pin. Overtightening can be an issue but honestly if your going to be proficient at building slip joint pocket knives your going to want to learn to slacken. Even when using a properly set up bushing you can overtighten so slackening a blade is a must have skill for slip joint makers imo. Ken Coates just shared a fabulous slackening jig with me so you don't have to do it the old fashioned way but that's for another topic. Back to bushings, when you use a bushing your blade is rotating on the bushing and not the pin. The bushing locks into place when you peen the knife so there is no rotational torque being applied to the pivot pin during the opening and closing of the knife. Now there is less chance that your properly blended pivot pin will be exposed due to foreign debris or negligence in maintenance. Long story short, with a bushing the pivot pin stays stationary and there is never any rotational torque being applied to it. That makes for a superior connection for the life of the knife. I don't care who you are, you'll never convince me otherwise.