I never was a fan of Bard even when people were praising him. I remember him being a crucial part of the Red Sox collapse the season before last. If all you throw is 100 mph, eventually batters will catch up and it seemed thats how they hit off him after he walked a whole bunch of people.
Im not Cherington bashing, I like his moves so far this offseason, but it is telling that after Papelbon went to Phillies, the supposed closer to follow all of a sudden becomes a starting pitcher and bombs miserably.
EDIT - Ooops, I just caught your last sentence where it says, "By the same token, I don't believe either he or the Sox felt he would bear up under the pressure of closing". So if thats the case they shouldve left him where he was. Hind sight always 20/20.