Here's my 2 cents. Sleeves are a press fit......at least the type I'm talking about. A .002" press fit to be exact. When I did machine work, I would mic the sleeve top, bottom and middle and average it out, subtract .002" set the boring bar up for half that, bore, then re-measure for a last cut. Because usually it was such a big cut the bar didn't like it. ......and I installed a LOT of sleeves. And I have to say, I never one time.......not once ever bored through a cylinder.
My opinion is that it makes the block stronger as long as it's done correctly. You bore the cylinder to the appropriate size, leaving about 1/4" ridge of unbored cylinder at the bottom for a "shelf" to assure no matter what, the sleeve cannot fall. After the sleeve is pressed in, the top is cut off and then the block deck is skimmed to even the top of the sleeve out with the deck and then of course, finish bore and hone the sleeve.
I've seen people bore all eight out and sleeve the whole damn block and I'm talkin on a less than 2 second alcohol injected mud buggy. Then, I've seen people who would otherwise throw what could be a perfectly good block away because it needed a sleeve.
I've never had a problem with it. It wouldn't bother me in the least.