@atmasphere The hardness of the metal in the bearing is not the only issue. The fineness of the machining is fundamental.
Another one I have thought about is my Simon Yorke Aeroarm. This is a parallel tracking design, very lightweight with a distance from pivot centre to stylus of about 3 inches. The arm has a round aperture sliding along a steel bar separated by an air bearing. The clearance of the air bearing is 5mu centimetres. The air pressure is 1.4 bar, held steady by a hospital grade compressor and control valving. I have wondered what movement this might allow (if any) and noted such is likely to be in line with the arm and therefore the groove so not affecting azimuth. I have never heard distortion of any kind on this rig which is my forever player and sounds simply wonderful with low-mass cartridges.