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It's a toss up between Scyther and Pinsir for best Bug type. They have an equally-low Special. Scyther's HP is marginally better, and is a fair way faster than the stagbeetle Pokmon. Scyther functions relatively well without TMs, being one of the few Pokmon to learn Double Team naturally.
But since there are so few useful Bug Pokemon in this game, you should probably play up its Bug nature. Pin Missile is a really good Bug technique (if there is such a thing...), so be sure to use it against Psychic, Poison or Grass types. If you happen to be fighting against a Beedrill, remember: it's not a Flying type. Don't use electricity. Use Fire, Flying or Rock attacks.