We call them bearing buddies here, which makes more sense. A friend of mine works at a trailer component manufacturer, he is their welder and makes axles and stuff - he hate bearing buddies and reckons he sees more failed bearing with them than without. He made an axle for me and the bearings failed within a year, I fitted bearing buddies and 6 years later the bearing haven't been touched. The positive pressure stops water entry when put in water hot. Our light trailer axle seals are not lip type - they are fixed on the spindle and rotate in the hub, the pressure won't damage the seal, it will just expel the excess grease.