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Andycb
but the [[b]threaded[/b]] rod can take the place of a linear rail or other guide
Threaded rods are not used for guiding. That would be poor engineering, a bad practice, not recommended for precision applications, but fine for a toy. You might find a RepRap using a ground, harden recirculating ball screw as a linear guide, but it will still be considered a poor engineering practice.
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I hadn't considered that the rod might be wobbly but how likely is that if it's made well?
I would think that every hardware store threaded rod ever made is not straight. You're comparing a threaded rod to a precision, harden, centerless ground linear rod.