i'm hardly a rocky butte climber anymore, but i used to be.
my opinion would be that the bolts should go in especially if it's the only reasonable way to anchor; however, if people are going to chop them, it seems more reasonable to just not put them in. unfortunately it lets the choppers 'win' - but chopping and rebolting makes the rock lose - which to me, is always unacceptable.
the other option of putting the anchors lower so they are harder to chop seems reasonable as well, assuming people don't start chopping those as well.
bill, you guys are dealing with a tough situation and i wish you the best with it.