Hi Dan
Yes it can be done under certain circumstances but it is tricky and best avoided if at all possible I had to unsolder a boiler bush myself once and there are two problems, one is the alloying effect that old-and-broken mentioned which means that, depending on the grade of silver solder used, the temperature needed to re-melt the joint is quite high. A particular problem with brass bushes as it is quite close to the melting point of brass.
If the bush doesn't actually melt it will degrade and crumble due to burning off of the Zinc. If you heat a piece of brass to near its melting point you will see what I mean, don't breathe any of the zinc fumes though as zinc oxide fumes are quite dangerous.
The other problem is a mechanical one. It is good practice to ensure the joint is mechanically sound before soldering, the silver solder should merely seal the joint. This means that not only do you have to melt the joint but mechanically break it whilst it's red hot, not easy!
with a stepped brass bush what I did was to drill it out to the diameter of the boiler hole thus removing the stepped portion and then unsolder the "washer" that is left on the outside. If you are a little over zealous with the drilling, as long as you don't go too mad it won't make any difference just make a slightly bigger bush.
Regards Mark