I don't think bun worked well before the acquisition. Don't get me wrong, i used it all the time for little scripts, but i would never ship a service at work on bun. Between memory issues and incompatibilities that never get fixed, it is a nice toy to me that did a great job of exposing room for improvement in nodejs.
For example, i'd been following this issue https://github.com/oven-sh/bun/issues/14102 and eventually all the libraries shipped "if bun do x" into them, which is the opposite of compatibility.
Yes, I've tried to run it in production on a couple projects. I had to back out from bun to node on both. One, there were huge memory leaks like you mentioned. The other, there were API differences that threw errors, in TextDecoderStream and such. Decided I won't try again until bun v2.