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Tekno
It's pretty well believed (that I know of) that each use of a tag like <b> or <strong>, etc drowns the the weight a little from the power of that tag.
Even though <b> is supposed to be deprecated I really see more sites ranking well with bold terms than strong terms. Perhaps it's the age of the site in many cases. Older site using older tags has older links, more links, etc.
I just think of it as bold/strong being made for the purpose of pointing out important words; words meant to catch the user's eye. So, in that case, putting regular words in either of the tags just for styling isn't right. I don't mean it doesn't look good, or don't do it, I'm just saying in terms of it being parsed and understood, I'd say styling it externally makes more sense.
I'm tired now and I'm having a hard time making sense... :-)