I removed it that way once but it was a very tight fit pulling it out the top, not worth the hassle at all (fl-200 filter). Easiest (though longer) way is to remove the wheel and cover over the filter/belt area and remove it there.
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15