I like to think that all of the characters, including Bao-Dur, will be considered alive in KotOR III because all the endings were cut. I think there's really no way to argue anything here, seeing as there is little to nothing to support either side- the game just doesn't care about your friends in the end.
"Everything I tell you is a lie. Every question I ask you is a trick. You will find no truth in me."
―Vergere to Jacen Solo