wouter - I think that is a reasonable thought. But i don't notice that having a bushing changes much for me.
THe removable pin itself will spin in place until the wrench is fully engaged into descent, at which point it will "lock" into place. I have a bushing on my removable pin and thought that it spinning as well may be an issue. But I don't notice that it is an issue. I actually can't tell yet if the bushing itself spins when I am into full descent - it is polished smooth and it is difficult to see when above you! In any case, it doesn't seem to affect performance for me, so I haven't tried very hard to figure it out. The other bar of the wrench provides just as much friction as usual, so you are really only potentially reducing friction on half of the wrench's friction parts. The bushing is for folks who want a larger bend radius on the pin (I'm not sure how much that matters, either!)
surveyor - looks like a cool bushing - I'd give it a go.