Well...the bushings look great. They went in tight but manageable with a piece of wood and hammer. I didn't know quite how far to push them in but I'm not sure if it matters. There was no play once I put the collar and the swingarm installed doesn't show any either. I'm happy with them.
They must be recessed 0.200"-0.220". This sets the compression distance for the felt grease seals, so they seal against water from the outside. This 'compression distance' is the distance between the inside of the phenolic end caps and the face of the bushing inside. If too tight, it will grind up the felt: if too loose, it won't seal water out.
Observations about Honda's steel bushings: on many arms where these were installed, the next go-around for bushings (which is about 5000-10000 miles later with those parts) will find that the arm has been quite distorted by those bushings. This is because of the pressure it will see from the rust (which happens from the absorption of water from the air, in most cases) and because the bushing is actually thicker and stronger than the swingarm tube itself. When the arm is heated and the bushing cooled far enough to get them together (with Honda's stock dimensions), the pressure inside the tube afterward is enormous, spreading teh tube where the bushing is sitting, but not at the outside ends. This makes the steel ones REAL hard to remove.
(and that's being as kind as I can be...
).
And, the outer ends of the swingarm then have to be honed or machined out to match the inner diameter before installing new bushings, or it will crush the new ones during press-in, and they end up loose inside: I ran across this about 3 years ago when I forgot to measure an arm at the outside edges, where someone had removed the steel ones and then sent the arm to me: I ruined the new bushings I had just made to fit inside because the outer end was 0.002" smaller than the bushing location. They just spun around in the tube once they were pressed to location.
I'm still not clear on why Honda has done this, maybe never will figure it out. It's clear that the original phenolic and Zamac bushings were never strong enough, which led to poor lateral arm stiffness, but to change to a destructive powdered steel material is just not like them. Maybe it has been subcontracted, or something?