G'day Certified,
Sorry for being difficult, but I’d agree with Roger; it isn’t really a slinger . . as in an “oil slinger”.
Looks more like a dust shield to me.
Below is a pic of a normal oil seal orientation.
The idea is that even with some pressure from the oil/lubricant side, the lip will maintain a seal against the shaft.
Usually, dust shield are installed as a close fit to the oil seal outer face but not rubbing on it.
It’s only really there to protect from rocks and small children damaging the seal.
I don’t know the correct orientation of the dust shield but would presume either orientation that permits installation without any pressure on the seal would be OK.
Also, your third pic shows the dust shield has a couple of dings in the outer periphery. It might be worth whacking those down flat.
I don’t think there were any fitted to my Type 54,S2.
Personally, I’d expect you could delete the dust shields altogether and save all that unsprung weight!
That’s what Colin would do.
EDIT to add:
On reconsideration, perhaps your second pic is the correct placement for the dust shield.
I say that because the curve of the dust shield would be closer at its outer diameter than the inner diameter and therefor not encourage dust getting in.