I actually had it backwards (hey – I installed mine almost 5 years ago!): the Teflon washer goes between the lead screw and the retainer and the thrust washer stack is on the outside between the retainer & hand wheel. There is a
PDF of the instructions available on the Phenom Engineering product page, and a
video of the install on YouTube.
No response to my email to them yet.
Could install Teflon washers on both sides: not as good as the washer/thrust bearing combo, but better than stock. If you bored the retainer you could install thrust bearings on both sides, just like there are on the X-Axis. The Phenom kit is an easy improvement that doesn't require machining (you could use a hacksaw to cut the key to length if you didn't want to mill it).