I have had one since the late 80s on my 340 challenger. I hangs down below the K memember about a 1/4" and has been hit by several pieces road debris over the years. It has been on at least 4 motors during those years and has not leaked. I almost didn't reuse it last time but beat it out again and reused it.
The nylon gasket is easy to over tighten and I use a aluminum washer on mine with no leaks.
Hope today's pans are as good as the old ones.
FWIW worth...I always considered milidon to be the economy pans out there, there are many that are better quality IMO.