Another thing to remember about bash proc rate:
Although normally the 1-second cooldown means that bash proc rate has steeply diminishing returns, there is one key situation where the cooldown doesn't apply: When you start a fight with a powerful active attack which can proc on shield bashses. That could mean something like Exalted Smite, but not Smite Evil. Getting double use out of an Exalted Smite is pretty nice, and a high bash chance will let that happen if your Smite is the first attack of a battle. After the first attack, your bash is probably on cooldown.