Well said on both sides of this discussion, it comes down to ethics. If I decided to bolt an old aid line that was only climbed 2 or 3 times a year….say at Beacon. I would be cast out of the community. Tires slashed and beat. Same thing if you tried that in Yosemite. Try bolting an old A4 line there and you will never be able to return. So is Smith ethics different? Well…..probably but Beth and Tommy (who have climbed everywhere in the world) should know better. If you can’t free it as it stands (since others have ascended it) you let it go. No bolts.
In any case, like I said……Its Smith Rock.
Just my thoughts.