There can be things said for typefaces that “do the design work for you”… when a typeface has so much style built in, using it to make a stylish piece is simple. Bleeding Cowboys was designed to fit in this vein… however this typeface’s “style” might be a little over done, or at least not in trend anymore.
For that matter, I haven’t seen it in use much anymore… but I am curious what you mean by “design authorities.” If you ask any leading designer… they would have very strong opinions against this typeface. I’m not quite sure what else there is to do, more designers should learn taste and learn that this typeface does not have much taste itself!
It did give me a little chuckle, thinking about what a “design authority” would be… I was thinking of some sort of censorship for design or some sort of “almighty design dictator” that critiques everything.