ADBV is not needed but is there to prevent gravity backwash if not mounted well. Plus, an ADBV is standard in most filters.
Bypass valve is needed to prevent "reduced cooling/flow" if filter clogs. PSI depends on size of filter, flow through filter, media type.....not worth worrying about if using recommended filter size.
I wouldn't run an ATF filter for 20k miles. A filter is cheap and should be replaced at more regular service intervals(once or twice a year).
The permacool uses the PH8a/FL1a sized filter and cost $2-$5 to replace.
Plus, you get an ATF fluid capacity increase without going to an expensive oversized pan.
And, you can stick magnets to the filter or use an oversized PN for more benefits.