bend works fine unless you want a perfect precision 90 degree bend. go ahead and try,it takes all day to make one..
as far as using bones...that works well, but is an awfull lot of work just to get a simple bend.
i challenge you...see how long it takes to get a smooth perfect 90 degree bend in maya...not just a sharp 90, but a smooth arching one....like a nice arching pipe.
then use the bend deformer in max.
then compare times...
i love maya...but sometimes simplicity is better.
---C