Paper element oil filters remove particles bigger than around 25 microns, the gauze screen type are pretty much useless in terms of stopping anything other than shrapnel from a blown motor.
On any bike with separate oil tank its very desirable to be able to remove and properly clean out the oil tank, and this in conjunction with regular oil changes, will mean that particles smaller than 25 microns circulating in the oil can be greatly reduced.
All in all OIF is something thats likely to reduce engine life (unless the frame is new, tubing properly prepared, with oil cooler fitted), through circulating contaminated oil, and without cooler fitted, unacceptably high oil temperatures.
The awful Tri/BSA OIF bikes tended to live a lot less longer than the earlier P69 machines, and those that had suffered serious engine damage, would often suffer from further problems, as in most cases the frames were not cleaned out after blow ups.