Well, got hit with a bit of bad luck. Both bushings look decent, the important surface areas look good but there were some scoring on the inside of the bushings which puzzled me. As I worked through the first fork I didn't see much.
Cracking open the second fork immediately looked bad. The plastic rod guide was split completely in half. The fork seal had white corrosion on the inside of the seal and the lower seal/lock ring was completely caked in white corrosion. This warranted closer examination and saw that the top of the plastic rod housing was chipped which led me to looking at the first fork. My fears were confirmed, the plastic rod housing also had chipped pieces but worse, which leads me to think that contributed to the sudden and immediate failure.
Interestingly enough, the other fork had clear signs of dry rot going on, covered in the white corrosion, but had no leaks. Granted, it was just a matter of time.
So now I have to cage it tomorrow and hope I can source the plastic bits in addition to the lower bushings. I'm baffled as to what led to the deterioration of the plastic bits. Age, mileage? I know the forks have at least 35k miles that I put on it, no idea how many miles were on it before I got them.