I don't use bandages between fights at all. My HP isn't ever a concern between fights. I could take on another group if I'm at 30% without too much hassel. It's the MP that kills me between fights, and for that I'm going to be drinking anyway, so I might as well eat.
I *DO* use bandages in combat though. If some really unusual curveball hits you, or you're soloing an elite that you know will take EVERYTHING you have to down.. they work wonders. Unload your damage early with Wings, when Forbearance is up, hit your long bubble, bandage and put off 1 heal if you have to, when Forbearance is up, hit your short bubble (BoP) and repeat, once everything's been expended hit your LoH. You literally have to die four times before you're done, but it's hard to have the mana to pull that off if you're bubble healing all the time instead of bandaging.
Edited, Mar 16th 2008 3:59pm by Losie