Rich - The Amsoil bypass filter does not have any (noticeable) effect on oil pressure. The reason is that the amount of oil that can go through the restrictor bushing to flow through the bypass filter is such a small percentage of the total flow of the oil pump. So, if you're thinking about installing a bypass filter, you have nothing to worry about when it comes to oil pressure.
Something you might want to consider is changing mechanics /w3tcompact/icons/shocked.gif. I don't expect anyone to know everything, but I do expect people that work on my stuff to not blather about things they know nothing about. Or put another way, I expect them to know what they don't know, and either say so, or keep totally quiet on the subject. But giving definite opinions on a subject, pretending to be informed, while knowing full well you're ignorant and just guessing, is intolerable.
The bypass can be plumbed in one of two ways. You can put in just the bypass, in which case the preferred way is to install an adapter Amsoil sells that goes between the standard full flow oil filter and the block, with hoses running to and from the bypass filter which is mounted in some (hopefully) convenient location. The second way is to install an Amsoil dual remote filter, in which case the stock full flow filter is completely replaced by an adapter that Amsoil sells, with hoses running to and from the full flow and bypass filters on a single mount which is installed in some (hopefully) convenient location. If you just want to install the bypass filter and there's no adapter for your engine or you just want to do it another way, you can put a "tee" in the block where the oil pressure sending unit screws in, screw the sending unit back into one port of the tee, then run a hose from the other port to the bypass filter. You then need to rig a return line, preferably by punching a hole (not drilling, unless you remove the pan) in the oil pan above the full line. Needless to say, the first option is a lot cleaner.
In either case, the amount of oil allowed to flow through the bypass filter is severely restricted by a restrictor bushing, so pressure is unaffected.
MarkC