Lol.. you guys are funny. Take abreath, have abeer or frosty beverage of choice... Here's the deal(s?)...
-If you can run a pan that's deep enough (IMO, nothing that will clear my local granite curbs or speed bumps) then a windage tray is not needed. However, such a pan will have baffles and/or trap doors to keep the oil under control in the pan. So you just use a scraper to remove it from the wind stream. The pans are expensive too. At least the ones I'd use are.
- If you use factory main fasteners you will need to use some sort of spacers or threaded rod and nuts to space the tray away from the rods or you will hit all over regardless of the rods used... Because the tray was designed for strokes up to 3.58... Yes, they were spec'd for the cop car 360s and then 318s in the 70s and 80s... They fit and functioned fine.
- If you use studs (I do in all my 4" engines) then you use the trsy type studs and there is minor tweaking of the tray to clear the rods when some rods are used. Others will have no problem, and as far as distance from the crank, the tray is a tray... not a scraper... So it does not need to be right on the crank and indeed that might trap more oil as opposed to stopping the windage action on the oil in the sump. Mine end up about 1.5" off the crank counterweights, and have about .100" clearance at the closest points to the rod bolt nuts.
- If you use a rod that has cap screws and nuts (aka factory rods) the fasteners will require clearancing of the tray which in all my cases were simply light bends with a hand and large screwdriver to allow the pan to clear and the rods to stay off them, unless using the factory fasteners.
-I typically run stock pans for road clearance, and the factory trays for cost. The only mods I do is tweak to clear the rods if needed (so far all I've done have needed it) and I open the slots to 3/8". Theses are street engines that race, and there is little appreciable loss in power and no issues wth reliability from it. One has been dyno'd at 530hp, otehrs using the 1/4 mile mph as a guide are in excess of 460hp... I dont think the tray is robbing 40hp in eitehr case. If the car races most of the time, a better pan can be spec'd and used, and the pan will determine the use of a scraper or tray or both.
Truthfully, unless one has done at least a few and used different parts/methods, I think it's all about as relevant as choosing a hairstyle for the individual. The only important things are make sure nothing hits, and know the limits of the parts you use.
Edit:I'll try to post a pic or two tonight