I've had the vertical portion of the Icon shin guard, the portion that's intended to protect the shaft from flying rocks, bend back into the shock such that as the shock body came down the shin guard punctured the shock body. This is caused by rocks getting kicked back from the front tires, hitting that vertical portion of the shin guard causing it to bend backwards. It's really just a bent piece 1/8" SST sheet so not particularly stout, certainly not stout enough, it needs to be gusseted. I've heard of others having the same problem.
Even with these on both rear shock shafts were pitted. So a $500 shock rebuild with new shafts and a new body on one side later and I've cut that vertical portion of the Icon shin guard off and am running a rubber boot to protect the shaft.
Rago Fab makes a shaft protecting shin guard that looks like more than just a bent piece of sheet metal, but I have no experience with them.