Scary?: Rotors slightly contacting dust shields during hard corner (wheel bearings)

You can bend the shields a bit. They don't need to be that close to the rotor. I always spin the rotor or drum while tightening the bearing, back off the nut and do it all again at least a couple times. If the cotter key doesn't line up, tighten to the next notch. The wheel bearings aren't supposed to be preloaded but not loose enough to clunk when you pull in and out on the drum or rotor. Done it that way for better than a half century without 1 bearing failure or issue.