Ok, here is the take, from someone who has had his cyclone-based DC connected in a "push-through" configuration for
over 10 years without any issue. For those who don't know, a "push-through" is where the DC blower is upstream from the cyclone, so everything picked up by the DC hits my blower's 14" steel impeller before going to the cyclone.
Many know a little about me- I'm the guy who brought you the I-BOX, Lock Miter Master, etc.- so you know that I do a lot of tinkering and routinely work with both wood and metal. In over 10 years have I sucked up just about every kind of metal bits and pieces you can imagine- from nuts, bolts, metal cut-offs, to a drill press chuck key, and even a tape measure.
No fires, no near fires, no visible sparks, no smoke- NADA. I'm not going to say it can't or won't happen. I'm just giving you my experience and will let you make your own decision.
There are a number of reasons fire is less likely in a home DC system:
- Metal on metal contact doesn't always create sparks
- Air velocity in a DC is high and rapidly cools any sparks generated
- Sparks, if any, are too short lived to ignite the dust and chips.
- Air velocity reduces the concentration of dust in ductwork in home shops, further reducing the chance of ignition of the moving dust and chips. The conditions are very much different than high concentrations of slow moving or near stagnant dust in a grain elevator
- There is insufficient heat created for ignition and sustainment of fire
I'm sure you'll find reports of fires in commercial and industrial settings, but even they can be rare. There was a SMC thread in recent years that cited one example, but if you read the report you would see that the fire actually started at a machine, and burning embers were sucked up.