Got everything assembled. I chiseled out the lead putty used to seal the two oil passages, then drilled into the steel plugs and tapped them for a 6mm bolt. I screwed in the bolt with a stack of washers to pull the plugs out. I plugged the original oil passage into the filter chamber with a piece of 3/8" steel rod, which fit pretty snug, and a tiny roll pin beat into a tiny hole I drilled from the side with a healthy coating of blue threadlocker. Per pete's excellent suggestion, I drilled through the plug and used a short roll pin so I can beat it into the plug and remove the plug later if needed.
The oil holes on the bottom were tapped with the 1/4 NPT tap. The bottom brass fitting is a 90 degree bend to a 3/8" inside diameter hose barb. I put a 90 degree female fitting in the next hole so that I could add a temporary oil pressure gauge or just plug it.
I decided to tap the return line into the side of the filter cover like I'd seen one on here. Very tricky. There is barely enough solid cast material to make the notch in the clutch cover without breaking though it, and only in the exact spot I put it. I used a rotary rasp and just gently pushed down to cut the notch, then cleaned up the rough edges with hand files. A 1/4 NPT fitting won't fit sideways in that filter cover, so I dropped down to 1/8 NPT fittings but drilled them out to make sure they had the same 3/8" inside diameter all the way through. There are empty chambers around the edge of the filter cover, where the gasket surface is, so I filled them with alumaloy(it's like an aluminum solder, you melt it with a propane torch) so that when I drilled a hole it would be in solid aluminum all the way through. I didn't put any of the NPT fittings in very deep, 4 turns deep I think. Didn't want to take the risk of cracking the clutch cover. I did use a small amount of permatex thread sealer, which I'm pretty sure I can remove later if needed. Just used a bit of teflon tape on the oil pressure gauge. No leaks.
I used an old VW oil cooler I had sitting around. Tapped two more NPT fittings into it(upside down, slathered in grease and pushing air pressure in from the other hole to keep the metal filings out of it.)
Motor built up oil pressure right away and got to the top end(I pulled off a valve cover to check). I'm running 20W-50 oil. At cold idle I had 16psi. Rev it cold and it goes up to 40psi or greater. Once it warmed up I had 1psi at idle.
That's right, 1psi, maybe 2, hard to tell. Rev it and it went up to 20 or 30psi again.
After a short ride around surface streets on an 80F day my oil temp was 150F. At the spark plugs I am reading 290F and 300F, left and right. I saw 330F at the plugs last summer. Jugs are at mid 200'sF. So far it seems that my oil is actually too cold and my head is still too hot.
Will probably try ducting some more air to the head and jugs next, much like a VW does. Would also like to come up with some sort of fan system for these interminable stop lights I can't avoid here in the city, but that may be too much work. Open to suggestions, but thanks for all the advice so far.