Can't answer question about alignment, but can warn you that getting the large bolt back in through the new bushing is very difficult. Now maybe I missed something obvious. However, after easily getting old bolt and bushing out, I simply could not get the new bolt back in. There is interference. I finally put the bolt in upside down and drove it my indy, who got it in.

I suspect that replacing the bushing would not affect alignment.

Just my experience on '92 300E .

Steve