There's definitely more than one way to mount a Catt... but personally, I prefer to leave textured bark on the branches. It helps retain moisture and provides more root holds for the orchid to cling to.
Once the bark separates from the wood, the orchid roots enjoy the additional moisture to be found between the wood and bark. Also, I'm fairly certain that the gradual decomposition of the bark provides some nutrients for the orchid. Though I haven't the faintest idea which nutrients or in what quantity. I've never fertilized my orchids and they grow just fine.
In my experience, most wood mounts are going to last at least three times longer than the average orchid needs to be repotted. From personal experience, by the time the mount starts breaking down, it's about time for the orchid to be divided anyways and it's fairly easily removed from the broken down mount.
As a reference, here's a photo of a NOID Catt that I mounted a couple months ago on a very old dead wood fruit tree branch.
