I'm going to blame this on age and a memory lapse. I remember what happened to it now. Last summer, the vent hose that was connected to the top of the carburetor got pulled off when mulching leaves. The carb flooded and dripped onto the exhaust pipe and ignited. I was close to a water hose, so it didn't burn but just a few seconds. That's why there was only one fin on the fan that drooped down.
Yes. I think you're right. If that fin flies off, chances are, it's going to fly right into the radiator. The screen that covers it, is like a window screen. Not much protection.