I purchased a new Gold Cup in 1976, one of several I bought back in the '70s. I had the gun hard chromed back in the day, and a few other modifications have been made along the way to suit the current owner, a member of my family. It still has the original barrel and collet bushing after, I don't know how many, thousands of rounds in the last 40+ years. I never broke a collet bushing, but was with a guy back in the '70s shooting his recently purchased S70 Government Model. After a shot, I noticed the slide remained half way open, and he was standing there with a confused look on his face. We found that the collet finger which has the lug that secures the bushing in the slide had broken off, launching bushing, recoil spring plug, and recoil spring down range.
I did sometimes replace the collet bushing with a standard Colt drop-in solid bushing, but accuracy suffered. Since the barrel OD near the muzzle is same as a non S70 barrel, all functioned normally. I found the COLT "Accurizer" collet bushing actually did what Colt designed it to do, i.e., provide the accuracy of a fitted bushing without actually fitting a bushing to each and every new Colt Government and Gold Cup during the assembly process. I fitted a solid bushing to some of the S70 guns, which restored the factory S70 accuracy. But did not better the accuracy of the stock collet bushing.....ymmv
BTW, the first BarSto barrel I bought for a Colt, had Irv Stone's own version of a collet bushing. Superb accuracy and reliability, and never an issue with that bushing...