Oil system myths

The bypass will always be 'partly' open anytime the pump is running at an RPM where the pressure produced by the pump is higher than the bypass pressure. It doesn't open and then close. The higher the rpm, the more oil will be running through the bypass.
The more oil going through the bypass, the more energy being wasted pumping oil that's not getting into the engine - only being heated and maybe frothed.
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Pressure not rpm will determine when the bypass will move to open or close itself.
The bypass will not open until the set pressure is exceeded. It will close once the pressure drops below the set pressure point no matter what the rpm is.