After reading a lot of the '04.5 to '06 owners and their problems, I noticed one thing, the accumulation of soot in the oil over time. It seems the older engines didn't build the amount of soot as the mentioned engines. All vehicles build debris in the oil from normal wear and is cleaned up by the filter, to a point, thus protecting the engine. But the mentioned years seem to accumulate soot more. The by-pass system doesn't totally remove this, but cleans more of it better. And in the so call old days, the bp-pass system was stock on diesel engines until the manufactures decided it was more economical to sell it without. (an old friend sold Peterbilts for over 35 years proved this to me). The by-pass only takes maximum of 10% of the total flow and filters it cleaning debris AND soot better than the stock filter. This lessens the trash in the oil extending the chemicals needed to maintain proper lubricant of the engine parts. After all, oil doesn't go bad, the chemicals within it goes bad and will effect the engine parts. It doesn't matter if it's a store bought unit or a homemade unit, it will clean the engine oil better extending the engine life. Just decide on a good by-pass filter for it.
I also agree with SEAFISH, with a F/W pre filter and a quality final filter, you will save your injectors and it support system. Saving BIG bucks later on.
There are people that use 2 stroke smokeless oil added to your fuel to lubercate the fuel system since the EPA remove it. Sulfur indirectly lubercated the lift and injector pumps, but with the introduction of ULSD, older truck lost this licitly. Adding 1 oz per gallon diesel for the '03 and prior, and at least 1/2 oz for the '04 to '06 helps this. (nothing for '07 and on, they are designed for ULSD). Adding 1 oz per gal for the '04 to '06 does not hurt these truck. (strange gift using this, the engine seems to run quieter)