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Yes it will fall out...however there are a couple of options to keep it in place without rattling...
One is to use a couple of tight fitting o rings on the pin...
Another option is a small piece of paracord with ends burnt...
Yes, many methods listed in this forum. I took my pin to the hardware store and fitted with a rubber o-ring that keeps it well in place. Pretty easy fix...;-)
I was going to do that, but the way I did it just filled the hole in the pin, so I didn't lose any of the blue color. Looks like a black hole through it is all.Can also use electrical heat shrink tubing cut to size. The tubes also comes in variety of colours too.