General Rule of Thumb: The cooler you keep the ballast, the longer it will last.
If you have this ballast mounted to the aluminum retrofit, you should be in good shape. Aluminum is an excellent heat sink. If not, see if you can mount it on a piece of aluminum with the sides bent up. IceCap now sells/includes a heat sink with their ballasts. If you don’t do this, I’m not overly concerned…maybe…and that’s a big MAYBE, you will shorten the live of the ballast slightly. But what do I know!
I’m running one IceCap ballast without a heat shield (living dangerously) and the other with the shield.