Thanks Gunnar for your added info.
Inland Motors, among all the others mentioned and more, used silver impregnated brushes and gold coated comms for year for precision applications. Hugo Unruh, who founded Inland motor in the early 1960's, used silver in brushes to make super precision motor commutation in US submarine parescope motors, then continued that design into brush motor upto 4' diameter for many many years. Inland could do things with those motors that no one else could at the time. Of course there was more to it than just commutation design.
Then brushless came out for precision and servo motors of course in the early 1970's or so. Our first motors were no way equivalent to these precision DC torque motors. We never messed with BLDC design, we went immediately to BLAC since our applications were 99% super precision. Of course BLDC that does 6 step commutation is in fact potentially crude and I would not argue your points about it compared to DC at all.
I am not referring to any new developments in brushless motors. I am just used to BLAC rather than crude BLDC. Even with BLAC, that same $ 1.00 chip can handle most of the commutation needs. We routinely have built and shipped BLAC motors that will run very precisely andrespond to 100mv or 10mv changes for decades. These motors used to cost 10-20% more than the cheaper performers; today there are no differences in cost between a precision BLAC motor and top of the line BLDC motor - or drive.
We used to demo back in 1980's an industrial 4" dia BLAC standard motor/drive by shooting a laser at at a mirror glued to the shaft. It bounced across the lab, thru the hall, another 50' to a blackboard in lab across the hall. It was programmed to simulate the sun movement (1rev/day). We would begin a shop tour with visitors at this site. They could watch the laser beam on the blackboard across the hall. It was pretty smooth. IIRC we did 1024 (4096 quadrature) counts per rev at the time. The laser would be slowly moving between counts - almost un-perceptibly. Then an hour later come back and see the laser moved up about 10 encoder counts. Motion was very smooth. Today we do 2^32 resolution so it is much much smoother.
Anyway, I do not believe it is fair to say an industrial BLAC motor/drive today would perform LESS than any DC motor with the best available (silver graphite?) brushes. I believe today's BLAC systems will perform 100 times smoother than yesterday's best DC motor system even at low speed.