Without knowing much about this specific application, I don't want to make a reccomendation, but it might be worthwhile to list some of the pros and cons of both bearing types.
1 - babbit (oil film) bearings: These work because the fluid gets dragged into a wedge shaped cavity by its tendency to stick to surfaces. The wedge shaped cavity is formed by the shaft being offset slightly from the exact center of the bearing shell(s). They are capable of supporting very large loads as long as the shaft is spinning fast enough to drag enough fluid into the space between the shaft and the bearing shell. Think about automotive connecting rod bearings. The fluid supports the load, no metal to metal contact occurs when running.
Pro: large load capability, high speed, don't need hardened shaft or bearing.
Con: needs constant fluid supply, can't support loads at slow speed, somewhat arcane rebuilding procedures, needs to be aligned.
2-The pillow blocks will have ball or roller bearings (sometimes called "anti friction"). These work by introducing a rolling element between the shaft and the outer bearing shell (race). All the load is carried on a very small area of metal rolling on metal. The balls or rollers rub against each other (in opposite directions) or else against a retaining cage that holds them in place.
Pro: can operate a low speeds, need only regular occasional grease or oil application, easy replacement of manufactured components, can tolerate misalignment if spherically mounted.
Con: depends completely on hardness of bearing materials & high degree of surface finish, fails rapidly if load levels exceeded.
So that ought to kick off the discussion.
If you know how to pour babbit bearing liners, I personally would go for that, since you basically have a high load / high speed bearing you can renew indefinately.
If you know your load and speed requirements, you can probably get off the shelf pillow blocks that will do what you need, but you might want to get some spares, and I would not scrimp on quality!
I don't know what sorts of loads are applied to a jointer shaft, but if you know the HP of the motor you are going to use, and the mass of everything that is spinning, you can probably work out what the max possible loading is, if say, you make some assumptions about the max feed rate, or if you stall the cutter suddenly.
Sounds like an interesting problem, might be difficult to actually calculate the specs needed, perhaps looking at a modern jointer of larger HP than what you plan to operate at and simply stealing the bearing part numbers?
Good Luck
- JC