Suggestions that I've read over the yeas (never built an SBC, but read and read) was that the bigger tooth count on the BBC reduced pulsations, and that (along with "anti cavitation") grooves in the casing reduced spark scatter.
Reducing "pulsations" in the bulk oil flow is silly in concept, as the flex in the filter casing would act as an accumulator for the tiny "deltaV", and the bearings etc. would never see it...and if they DID, it wouldn't matter a jot.
Looking at the pics, they tapped the pressure side of the pump at the oil filter mounting plate, and remote mounted a filter and flow metering.
So the pump relief is still functioning, and is the clear differentiation on "flow" between the oils. If they measured the pump inlet flow, they would be identical...it's postiive displacement.
As per Broc Luno's post, the difference is that on the thicker oils, the bearings actually need LESS oil...they draw less oil off the galleries, and the pump is providing flow against that, which results in oil pressure rising, the relief flowing, and LESS oil reaching the engine.
Less oil reaches the engine because the engine is signalling that it needs less.
In the Case of Broc's engines with additional squirters and sprays, the increased pressure is actually flowing more oil to these points, as they rely on pressure to deliver volumes of oil.
Sooooo....
* Oil pumps supply oil to the engine.
* If the engine requires less flow, the oil pressure rises to reach an equilibrium, and if it can't the relief flows, and diverts that volume elsewhere.
* The oil pressure is therefore an artifact of that balancing act.
* OEMs oversize the oil pump so that as the engine wears there's reserve oil supply there to make up for the increased leakage.
* the differences in power have S.F.A. to do with oil pump drive power, it's friction in the bearings and piston skirts primarily that makes up the 3.6hp...the oil pump drive power change between 60 and 80 psi is akin in power loss to turning on the headlights.
* The reduction in drag comes at the expense of minimum oil film thickness (MOFT).
Read more on flow and MOFT, and viscosity
here