Interesting discussion here - turns out my Omega is a survivor as well.
The black bellhousing on mine was in perfect condition and the bearings were replaced once during its restoration a few years back (thread below).
https://www.vacuumland.org/cgi-bin/TD/TD-VIEWTHREAD.cgi?33991_12
I used it on a regular basis from 1995 to 2017, when other vacs come into use.
I used the hose a lot with this unit, but it was wired to run at low speed only. The front bearing is a TIGHT pressed fit into the housing, where as later models used the snap-ring and a slightly looser press fit.
The rear bearing was a little sloppy in the rear holder and I used a thin spacer to tighten it up some.
Unit still has its original fan.
I believe the felt washers were more for dust sealing rather than shock absorption, as the bearings still had a somewhat snug fit in the bearing bores, as well as hard seating stops. The spring finger washer in the back was more of the shock absorber and thrust device.
In order to use the snap ring, there must be a slot in the housing for it to fit in. Not sure if the slots were in the earlier castings. I also remember my Omega bearing seating flush with the inside of the casting, not allowing a ring even if the slot was there. Adding the snap ring was a logical step in my opinion.