Besides my factory filter, my Subaru has never had a filter on there with a 23PSI bypass valve. I have used Amsoil, M1, and Fram filters on it with zero issues and my UOAs look great (always have consumption issues.
Below is one of the UOAs that I have on hand for my Ru and I have done others with M1EP oil and M1 filters with very similar results. I cannot note any increased wear caused by the lower bypass valve rating even after several -15ish degree cold starts and one -36 degree cold start.
OIL AMSOIL ASM 0W-20
TOP-OFF OIL None - No loss.
FILTER FRAM - XG7317
SUMP CAPACTIY 5.5 QT
MILES IN USE 10,100
MILES ON UNIT 87K
SAMPLE TAKEN March 7 2015
LAB: Oil Analyzers Inc.
Wear Metals (ppm):
ALUMINUM 1
CHROMIUM 0
IRON 8
COPPER 1
LEAD 0
TIN 0
CADMIUM 0
SILVER 0
VANADIUM 0
NICKEL 0
Contaminant Metals (ppm):
SILICON 24
SODIUM 9
POTASSIUM 0
Multi-Source Metals (ppm):
TITANIUM 0
MOLYBDENUM 155
ANTIMONY 0
MANGANESE 0
LITHIUM 0
BORON 70
Additive Metals (ppm):
CALCIUM 3428
MAGNESIUM 23
PHOSPHORUS 681
ZINC 770
BARIUM 0
Contaminants:
FUEL DILUTION SOOT WATER
Fluid Properties:
cSt @ 100 C 9.0
TBN 3.83
OXIDATION 56 abs/cm
NITRATION 16 abs/0.1mm