Setting the blade high does nothing to prevent kickback unless you are using a splitter with anti-kickback dogs (and then only after the board is trapped by the dogs) or are using a featherboard. With the blade set high, the rear of the blade has the tendency to pick the board up and then follow the teeth around and launch it with tremendous force. This tendency can only be eliminated if the fence is absolutely straight and the board is fed straight. If, like many, someone uses the fence "kicked out" by a few thousands, the drop side can catch. If you wiggle the board, either side can catch.
Best to use additional kickback protection (ie featherboards, etc) and push blocks/jigs to keep hands away from blades, whether or not a guard is installed.
I have read on other forums of those who, like me, have the 110v saws and got complacent with sawing larger lumber without worrying about the kickback (weight of board and strength overpowers the saw and pops breaker, etc). Some who have upgraded to 3 hp+ or 12" saws found that they were in a new realm when it came to kick-back.
Please be careful, especially those that upgrade to higher hp. However, from what I have seen, most accidents occur with smaller pieces and thinner lumber, regardless of old pro or novice. (That is also especially true with miter saws).
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