In my opinion, the current 7.5 K&B flex shafts are as good as it gets. The other versions are too stiff and generally cause too much drag.
The stub shaft bushings are something that we have fought for years and have not really ever come up with a viable solution to fix them. Luckily its easy enough to rebuild the K&B prop shafts with bushings, but they still dont last very long. we mostly just deal with sloppy prop shafts.
If the powers that be could ever talk OS into making a 7.5 sized lower unit that is comparable to their 3.5 size, they would put everyone out of business, and I would buy 10 of them right off the bat. Hell, even if they just made an OS prop shaft that screwed into the K&B/lawless 7.5 lowers id be happy.