I've never been satisfied with the results of turned rotors. And it is getting very difficult to find shops who still do it. The economics just aren't if favor of it.
Having worked in manufacturing almost my entire career before retiring, I am all about PM. But smart PM does not involve replacing items when they still have, say 70% or 80% of it's life left. A good PM plan will include collecting data, to determine MTBF, using statistics to find a safety margin, that will reduce waste from replacing parts too soon, yet also reduce the risk of lost productivity from equipment failure.