Having switched off "Bold" for the default paragraph style, and tried adding some "bold" words in the text, I'm not at all convinced that I can see any visible difference. There might be a very minor difference, but equally, I could be imagining it.
I certainly don't think, based on this, that one can sensibly use "bold" for emphasis on the Reader. Probably best to still to what PG often does, and use capital letters for emphasis.
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