As I stated earlier, the pilot is for alignment. It's typically used on 5/16-14 & 18 joints where there is a steel pin going in to a brass insert. Those pins are most generally rolled, not cut, and as such have inconsistencies. Not only do the pins have inconsistencies, but most of all they fit somewhat sloppy in the insert. As the joint faces compress, the shaft will shift to the side of least resistance, to the amount of slop between pin & insert. A pilot prevents the shaft from shifting, and ensures it locks down dead center every time. Not only does it make the joint more precise, it also makes things easier on the builder.
By having the pilot center everything, the shafts can be cut to size SEPARATE from the cue, which keeps the cut concentric to center. Shafts can be made in bulk, without having to be machine mated to butts, and they will fit dead center on every butt the same builder makes. This streamlines production while adding a significant amount of consistency & repeatability. Without a pilot, the builder is at the mercy of how well the pin fits the insert. Those type joints are notoriously sloppy fit, and not all of us are ok with having misfits where the shaft/butt fit has a ledge. Yes it can be fixed easy enough by sanding shaft & butt together, but not all of us want to rely on that. We prefer to machine things to fit correctly, so that there is no need for such measures in the first place. This is a point I believe where the importance of a pilot lies mostly in the specific builders' standard of accuracy.
I use a big pin in wood, and it is designed with the pilot concept in mind, except that the minor diameter of the pin acts as the pilot. Same concept with the Radial. There's no convincing me that a pilot is outdated or unnecessary. I see it's purpose quite clearly. I don't know why some folks don't get it. I'm not here to convince anybody of anything. Believe what you wish. But for somebody to discount a pilot because they don't understand its purpose or how to properly utilize it, is naive. It's function very simply is to align the shaft to the center line of the butt. And it does so rather effectively, when utilized properly.