As near as I can determine there was a catastrophic failure of an Eaton no-back spring about 25 years ago. Eaton recalled a bunch of actuators in 2002. I have never been able to find any documentation regarding the findings of the recall but there is a general belief (unsupported by evidence, but perhaps still true) that some springs may have been improperly manufactured. If any of those springs have never been replaced, they are probably not going to fail catastrophically or they would have by now.
The spring acts a brake to prevent back driving (hence the descriptive name) the ball screw actuator and thus hold the retracted landing gear in the up position. Since it is a friction device, there will be some wear on it. Presumably when it completely wears out it will slip and the gear won't stay fully retracted, but that's conjecture. According to Don Maxwell, when the spring is wearing out it makes a distinctive chattering sound. This makes sense as it is probably beginning slip a bit. Anyway, Don's advice to me was that if it's not chattering, don't mess with it.
There have been several catastrophic failures of the spring in the Plessey actuators (Plessey calls it a torsion spring, but Mooney tends to call the spring in both brands a no-back). The first two occurred at a little over 1000 hours and I believe that is likely the origin of the 1000 hr replacement interval. There are no parts available for the Plessey actuators and they seem be the units that fail and cause the gear ups.