Outwest, yes you may be right about the faster speed of the retreating blade; however the advancing blade is also going faster and will be getting CLOSER to it's design limits at speeds near VNE.
Because this subject is beyond my level of knowledge of aerodynamics, I just lower the collective a bit and leave a margin between myself and the VNE.
As for the 212 in flight.....I don't know of that event.......but for takeoff and landing the 212 rotor system hates anything below 100%. The older 205 systems didn't mind being beeped down a little, but don't try this with the 212.
Also remember that when you beep down the main rotor on any aircraft you are also lowering the speed of the tail rotor. The tail rotor is very small and relies on high rotation speeds to provide anti-torque. It is therefore more sensitive to losing a few RPM and you will encounter a tail rotor stall sooner (also known as Loss of Tail Rotor Effectiveness). This will, of course, be even more critical at higher altitudes and/or temperatures.
The limits in the flight manual are there for a reason and have been fully tested.
If you can't remember all the numbers, just look at the red and green areas on your gauges.
Keep it in the green, avoid the red, and never run out of Blue !!