I would just add this here, while I understand "reasonably-loose" pins (generally speaking) will not be an issue in most cases, it is really in the customer's best interest to start "new", as in all clearances. We like to see between .0005" and .0007" on both the rods and the pistons. Full race units slightly more.
The correct procedure installing the bushings, like mentioned above, is "burnish" the new bushings, then hone to size. We're not talkng "steel-backed", different rules for these.
When we actually install the bushings we heat the pin end of the rod, this eases the bushings in place without "peeling" them off. This part of the procedure is the same for the "steel-backed" pieces. We have a dedicated rod-heater and can control the temps, we install pressed wrist pins using this same method. Even though they are "pressed", they are pushed in by hand!
(Add) John, using the rod heater and controlling the temps makes it much easier installing the "steel-back" pieces.
Thanks, Gary in N.Y.
P.S. In the 2 photo's below, showing a "used" 8BA rod, you can see the wear difference between the vertical and horizontal clearance AND the actual total amount between the bushing and the pin. The "0" on the guage would represent the real pin diameter, .750". This wear is from normal use and is inherent in all bushed rods, Flatheads or otherwise! This particular rod shows over .0015" vertically and over .0012" horizontally. This is simply too loose on a rebuilt Flathead unit.