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Only correct for low speed aircraft.
In high speed aircraft - parts don't fall. They are swept away by a slip stream that is nearly as solid as a solid. Above or below wing - it makes no difference from an engine disintegration stand point at high speed. Another consideration, high engine mount planes have always had a far superior record of surviving crash landings than under wing engines which tend to cause the plane to cartwheel and centrifugally disintegrate.
Edited by dduggerbiocepts
Updated - 18th Aug 2011