Bushings are considered "Consumables" meaning that they are used like sandpaper and should be replaced when they are used up . If you are using regular stock bushings that means after they are no longer the right size you just replace them with new . Most bushings only cost $3 to $5 a set . If you are using special bushings , like JohhnyCNC's between center bushings then more care is needed due to the price of replacements .
A more important reason you should be careful and not sand the bushings is because the sanding dust from the bushings will show up in your finished pen as little specs and stains in your finish .