If you can get the smear to be gentle enough to not affect your apps, it's a nice workaround for the general problem. There's just so many components running inside a modern infrastructure, and it's hard to get them all to behave correctly during a traditional 61-second-minute leap second transition.
And that 2012 leap second linux kernel bug was pretty epic. AFAIK, people who are smearing didn't experience it.
http://googleblog.blogspot.com/2011/09/time-technology-and-l...
The amount of stuff that still runs an older Linux kernel is insane...
Such precison is well outside the realm of NTP but is not really a problem for PTP. I've worked on Linux systems that have done this; ~100ns synchronization was not uncommmon.
(PTP, incidentally, got it right and specifies that its timescale is based on TAI, so it is continuous.)
For example, AWS does this for their management console: https://aws.amazon.com/blogs/aws/look-before-you-leap-the-co...
Google also does something similar: http://googleblog.blogspot.com/2011/09/time-technology-and-l...