Fred wrote:It's not unfortunate for the other climbers as much as it is for the rock itself. If we climb for another few hundred years then the cliff will be littered with old scars. Prolonging the replacement time should always be of most importance, not cost.
That is probably the most important point. If the bolts can be yanked out and the hole reused it isn't as much of an issue, but with stud bolts all you can do is chop it and patch the hole. Lucky for you guys the rock is mostly really good and there so there should be lots of places available to place the new bolt for a few rounds of replacement. Eventually even the best rock will be to full of holes to find a suitable spot for replacement.
Contrary to popular belief, glue-ins can be removed and the hole reused. I don't know if I would want to be the poor sap to yank them though since it involves a torch and hot metal so close to nylon. Power bolts by Powers can be removed with some effort but they are expensive. The non-ss can seize in the hole and need to be chopped. Fixe Triplex bolts can be very easy to remove, but they have enough potential problems that I don't think I would use them for permanent installations.