I sift
everything... though I agree with Sorce's comment that the pine is eventually going to break down. However I try not to use more than 25% organic in any mix (in general), and use less organic in pots than in growing containers like Anderson flats or large pond baskets. So even though the organics will break down, it will take some time, and in the case of sifted pine bark it will be years. So in my opinion it is best to sift out the fine particles so that your soil freely drains as long as possible.
Take the fines and use them for cuttings... or for soil amendment in your garden