I run a RACOR LFS 802 which is very very very similiar to the OilGuard. As far as I can tell in comparison with Gary's Frantz, the Frantz filters much finer, and I think at SUB micron. The RACOR filters down to 1 um and I am content with that.
One thing I did was to add a bung to the bottom of the RACOR, because when you change the filter the probability of spilling is very high. WIth the 1/4"NPT bung welded to the bottom and a petcock valve in the 1/4"NPT I can drain the filter case easily before removing the filter without any spill at all.
The bung also allows me to get an oil sample easily. I have my oil return to the filler cap, and getting a sample is not simple without spilling. With the petcock, very simple.
The manufacture of the unit seems to be very very well constructed and very heavy duty. I am very pleased with the construction.
I would like finer micron removal, but trust RACOR explicitly in their design. I chose RACOR rather than OilGuard for the RACOR reputation and focus of the product line and that is "what they do" as their primary business, and have been around for a long long time.
I also am not too keen on the remote possibility of tp getting into the oil stream, the frequency of the replacement (2k), and the general overall construction and tolerances.
The Frantz has been around for a VERY long time and is very proven to be effective and a good unit. I just chose RACOR for the reasons stated.
Bob Weis