you have to define effective. does effective mean actually doing rutine maintence on an air filter when its 20 below outside, or when its raining, or you just dont feel like it because you are way too tired?
effective for most people, was to ditch the oil bath and just change a paper filter every couple years. doesnt matter which one filters better. the paper is so much easier that no one cares which filters better.
by the way, id assume paper was better.