so would a starlock washer hold it in place? Probably not if it's one of these, but if you remade the clip so it fitted over the shaft and was located by it, put a spring underneath it to give it positive pressure against the starlock washer then it may work
http://forums.lr4x4.com/index.php?showtopic=83405
http://forums.lr4x4.com/index.php?showtopic=83405