In my limited experience with the Bell mediums, I have always understood the collective bounce is a result of low collective friction, plus the aerodymanics that I don't fully understand.
In Ontario last year, a 204 got into it while (can't remember all the details) loading /unloading a crew when it started the dance. The driver reported that the collective was going from 'stop to stop' and he was only able to 'follow the machine' around the swamp trying to the best of his ability to avoid the ground crew! When he finally arrived over a place he deemed suitable to get it on the ground he rolled off the power and said the "collective bounce" quit as soon as he did.
Good job done, but it was found that the preset collective friction was low, and no other problems with no damage done.
That is tucked into the back of the mind as a possible solution should it ever happen.
I had in my first year, an experience that I thought was a collective bounce, but the collective wasn't moving! The machine (205), with a sling load of diesel on the long line, started bouncing up and down quite rapidily. To the point of thinking seriously about punching the load. Hung on for the last 15 feet till the net hit the ground and it stopped.
Found it to be a combo of things: poor tranny mounts, loose cyclic friction, and a pilot induced fore and aft motion on the cyclic which just kept getting worse as it started to shake and my arm got into the "motion". (That doesn't sound very good
🙄 ) The solution, after talking to few other pilots was to increase the cyclic friction to help prevent it from occuring again which it did. You could sometimes feel it starting, but just wouldn't build to the extent it did.