I think one would say LOL that a 3rd option is a new design.
Very rarely does one encounter coming to market in this arena, truly a "new design", in which the designer didn't first look at that which he (she) intended upon replacing; as after all, what was the impetus to develop this new design, and employ such specifically, other than generally the impression of a need. But then sometimes genius does fall from the sky!
..................... adjustable’s were created on engines that didn’t even have oil there if you wanted to.
Well, not a captured, pressurized value, but there is the little oil relief hole drilled under the pushrod extension of the rocker arm intended to throw some oil at this juncture (hence the cup), that is if there is adequate pressure across the orifice to accomplish such!
On edit - I was reminded of two things, T&D streets actually work well oiling from the shaft with ball/ball pushrods and....wait for it....All hydraulic cam FEs use ball/ball. ..................... but also with restrictors too
And both of these designs deliver oil from the shaft to rocker arm relationship thru rocker arm drillings directly to this juncture; but do require a certain pressure value to accomplish this effectively, so again, be cautious of the extent of restriction.
Scott.