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This is factory bushings vs TBC bushings. You can see the difference. The TBC bushing is a close fit and a tight fit with little room which makes it more precise. They are also LONGER inside the tube which adds support.
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The problem with mandrel holes in the bushings is this. There is a reduced surface area for the live/dead center to grip. In many cases this may not be a problem but it COULD be a problem for some turnings.
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TBC also allows slimline turning without a mandrel. The top set is for a Gent Jr while the bottom set is for a slimline.