I think there's way to much "overthinking" on this. There's no 'magic' in the sideoiler system. Back in the day, Ford was trying to get as much oil to the mains for endurance racing like Lemans and Nascar. That's what the sideoiler was designed for. They regulated at the block bypass valve to insure maximum oiling was available at the mains to help solve durability issues. It was the best solution, remaining in the confines of the FE block, without totally redesigning it.
Shim or eliminate the block bypass valve and it's no different than any other engines oiling system with a bypass valve at the pump. It's not an issue with other engines, and it wouldn't be an issue with the sideoiler. The centeroiler has no issues in anything other than endurance racing, as Ford found out. Early centeroiler 427's and 428's don't have oiling issues in drag racing (other than maybe flooding the head), so unless you're endurance racing, it's really a moot point. The engine will survive fine with or without it.
Personally, with a bypass at the pump, I don't see any need for the block having one. If you're running big clearances, I would prefer to leave it out or shim it, ensuring that the maximum available pressure is reaching the rear main.