The bypass filter take a small amount of oil continuously and runs it through a very effective filter. The filter is too restictive for full flow due to the nature of the filter. Amsoil's bypass filter is 100% effiecent at 2 microns (2 millionths of an inch) and 97% at 1 micron.
More info can be found here.
https://www.amsoil.com/StoreFront/bf.aspx
On your truck, I would mount the BMK-15 (dual filter kit) and put it horizontal mounted to the crossmember under the radiator. This relocats your full flow filter on the engine block and gives you easy access to both filters. Filter changes are very simple and clean and they can't be harmed by road (or off road) hazards.
For oil, either Amsoil's 15w-40 or the Series 3000 5w-30 will work. I run the 5w-30 and regardless of what some people think about the oil being too thin for hot climates, it works great. It was 106 here yeaterday. I run it year round.
Even with all my fuel and boost (over 600hp now, looking to break the 700 barrier), I change every 10k. Amsoil recommends 15k for severe service, which almost everyone falls into. With Oil anaylisis, you can extend the interval to when ever the oil is no longer fit for use, and just change the filters at 15K intervals. One guy went over 400k on an oil change on a big rig. Heres the write up.
https://www.amsoil.com/lit/g1343.pdf
Fuel mileage tends to go up a bit with synthetic oils also. Here is another writeup.
https://www.amsoil.com/lit/g1351.pdf
I will be starting an oil anyalisis experiment here very soon where after each race we will see how the oil is doing and follow the trend. We will truely see how long this can last!