Ironically me and a buddy of mine were having this conversation a few months back how this type of pump was prone to aerating oil and yet we all still get in line to buy and install them.
If I recall correctly, this "Gerotor" type pump design came from Caterpillar (tractor) of the 1920's - 30's, and it has proven to be, in my opinion a superior design at moderate speeds, those as intended by the O.E. for transportation vehicles; but as the engine R.P.M.'s have risen, particularly in the automotive racing endeavors, well it starts to become a problem.
This thread has brought up the issue with the re-injection of an oil volume within the pumps inlet and yes there is the issue of the high-pressure (relative to the pressure on the other side of the relief and in the area of the return) and heated oil being injected at an angle perpendicular to the appreciated flow volumes' intended path as this can depending on the ratios of intervention create significant turbulence. But this isn't the only issue, as with this oil volume comes vapor, little air bubbles compressed to the high pressure value and then released to the low pressure arena where they literally explode in dimension displacing the fluid volume causing, depending on the sum, perhaps even greater mayhem in causing interruption of homogeneous directional flow, creating an inefficient delivery. And this vapor expansion can be quite violent also leading to an upset of the by-pass valve causing it to fail to regulate as intended including failure to reacquire seating timely, this further being realized as a loss in delivery volume and resultant pressure.
This is particularly where the idea of a remote by-pass can be appreciated.
Scott.