One factor - for lower speed rolling bearing machiens, it may be practical to partially submerge the rolling element.. .for example level at 1/4 - 1/2 of the lowest ball on horizontal machine. For 3600 rpm machines, submering 1/4 of the lowest ball would probably cause excess heating. And if you tried to only submerge 1/8 of the lowest ball you would be walking a tightrope on maintaining oil level... so the oil ring (or some type of flinger device) is needed instead of partial-submergence in oil bath for higher speed rolling bearing machines
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