I'm starting to think that a long primary followed by a long bottle-conditioning period is the way to go. Besides the fact that less racking=less chance for contamination...it seems that if you bottle (regardless of how long it had been bulk-conditioned), you still need to wait long enough for the bottle fermentation/carbonation, as well as the subsequent 'cleaning up' process.
On a recent old ale, it had been in the secondary for about a month or so. Most all of the yeast had dropped out, so it took another 6-7 weeks just to get carbonated. It just seems like with that same amount of time I could have avoided the racking process.