So what does the retainer clip actually retain?
And is it likely to fly off at high speed if it is no longer being retained?
The retainer holds the spinning part against the hub.
For example, most new laptop fans also don't have this retainer..
so, the retainer isn't necessary for most fans, the reason they include it is so the fan blade doesn't fall out, and so the customer doesn't have to put it back and put more oil in.
I've tested all orientations, For anything upto 3000 rpm, it should be fine..
However, if you got a really HEAVY blade, super high rpm fan, obviously you can't put that with the blade side down because it may shoot out.
But side mount is good for up to 3000 rpm, maybe even more depending on the fan.
for small fans, orientation doesn't matter, it's gonna be good regardless, the blade isn't heavy enough to fall out.
I don't have any 5000 rpm fans to test right now, because the only 5000 ones I have are in the server, and I'm not pulling one of those.. LOL, they're loud regardless of mods.