After thinking about this for a couple of hours, I can see that the ADBV might help keep the oil that is above the filter from flowing back THROUGH the filter and into the pan. At least on an older style small block Chevy, I'm looking at a lubrication diagram and I'd have to say that this amount of oil would be pretty insignificant. Perhaps on an LS1, with the oil pump above the level of the filter... yeah, I can see that. Sorry for the confusion.
BTW, does a PF44 have an ADBV? I have a Z28, and I've not noticed an unusual amount of oil trapped above the filter. Oil pressure is practically instantaneous at start-up, though.
Jason