For commissioning (my forte), I try to implement return side installation for three reasons, whether it be chilled or hot water. But this does not mean the installation will not work correctly, and performance-wise you might not see an issue (immediately):
1. If it is a hot system, some manufacturers have temperature limiations on the actuators. If there is a 180°F limit on the actuator (common to some actuators), the return side is preferred as it will operate at a cooler temperature.
2. If it is a cold system, it is always better to have less thermal breaks on the colder side (e.g. 42°F water) than on the warmer return side (e.g., 56°F water). The return side installation reduces sweating on the electronic actuator, which is more prone to failure when wet.
3. During a water's travel through a coil, the piping becomes smaller (e.g., from 3/4" down to 3/8") and there is a torcherous path through the coil. This reduces pressure of the fluid. If it is a hot fluid, more gases might be stripped from solution with the coil throttling on the inlet side. With a control valve on the return side, the water is at a higher pressure through the coil, reducing offgas, thereby lowering dissolved oxygen content. Lower dissolved oxygen extends equipment life.