It appears you can put all you need in /bin so why do we bother with the /usr/bin directory?
/bin is supposed to reside on the root filesystem, whereas /usr may be an alternate filesystem - even network mounted (multiple boxes sharing the same /usr).
This means that any essential basic utilities you need to bring up the system and mount filesystems, including troubleshooting, should live in /bin. Everything non-essential can go in /usr.