It isn't abrasive; that's like saying TiN or TiCN coatings are abrasive. B4C is often used AS an abrasive because it is very hard (it is used in large grains as an abrasive, but that is not what we are talking about here, we are talking about coating the bore). HRC 95, Mohs 14. The only thing harder is diamond and cubic boron nitride (actually, at super-high temps, B4C is even harder than those).
I also disagree that it is flaky and doesn't stand to flexing.
"It has a four point flexural strength of 50,000 - 70,000 psi and a compressive strength of 414,000 psi." -- from a webpage
I have never heard of B4C, TiN, or TiCN flaking off of knives. Nor have I heard them flaking off of tools that are dented. In fact, a buddy of mine with TiN tools says that if he dents the tool, the coating dents with it.
Thus, I am going to have to disagree with Monel_Funkawitz.
I don't see how anything 1 micron thick can be abrasive, low coefficient of friction or otherwise.