James,
I had the same concern and appreciate you bringing that up!
I put enough interferance fit on the O-rings that it takes both hands and a twisting pulling motion to remove the bushings. (hence the knurl) I left one in the spindle for a few days and nearly had to pry it out! The tendency for such a bushing to escape is nill as the bar, bushing, and spindle are all rotating together and the bushing bore is .005" larger than nominal to keep bar to bushing movement to a minimum. A little common sense is also required as far as how much bar is to protrude past the bushings
I keep having visions of a pneumatic bar feed system. The next step though will probably be a leg a couple feet away from the headstock with a large bearing in it that will accept the same bushings to be used as a rotating bar support for longer lengths when using collets and my turret.
Since we're on the subject of turning bar....When making small numbers of parts with the chuck installed, I prefer 1' to 2' lengths of bar and I work both ends of the bar. Especially when a second operation, such as hexing, flats. or cross drilling is concerned. I'll turn both ends, then put it in the Super Spacer for drilling, hexing, etc, and then part it off in the lathe or occasionally the cold saw. I'll use two or three short bars to accomplish this much quicker than one long bar.
Glenn
Edit: Usual typo's!