LOL … well Curtis, since you invited me so nicely, I simply could not resist, but… well you covered it all – and I totally agree with all that you said (including the comment on the leather punch *ouch*).
In all the related literature only concerns I found was a comment about how desirable it would be to remove jewellery before breastfeeding since it could a) prevent proper latching of baby and b) in case it comes loose it could cause chocking. Obviously this is not a concern if we are talking about adult breastfeeding relationship. Another comment I came across was that some pierced women found that the milk is actually flowing easier and faster through the punctured holes (I have to say I am a bit unconvinced as far this fact is concerned due to the physiology of the nipple and the milk ducts…)
Only more one thing I would like to add (and I already wrote much more than I intended lol) is that one should consider the fact that any piercing, even if completely healed, once it does not support jewellery any more will close. If you are planning on having baby any time soon (and that is relative since the piercing needs anywhere up to 6 months to heal properly) consider that you will breastfeed on average every 2 hours through-out the 24 hour period, for at least first 4 months and than, depending on what your preference is – could keep lactating for next few years. Are you that intent on putting the barbell/ring in-and-out 10 times a day?