That "Heartland" company has become a good source for very competitively priced specialty tools. I also thought the one I'd linked previously had the bushing.
The bushing is a good idea. Not absolutely mandatory. But a very good idea. The depth is so long and the nut is very narrow. It's easy not to stay square and round out corners of the nut. The bushing is there to avoid that.
On the later bikes that nut sized changed too. So as you are shopping make sure it's specified for the right years.
Yeah, in the details section of that other tool, it states:
Note: A inner collar or threaded bushing is not required with our unique tool. The self guiding design will not allow the tool to slip off of the nut.
it does however talk about high quality tool steel, whereas there is no material mention on the ad. After buying a wheel bearing tool on ebay that disintegrated the first time I use it, I'm a little weary of the crappy Chinese knock-offs that don't last.