If nothing obvious is hitting thoroughly inspect the roller rockers concentrate on your 4 "frozen ones" especially the fulcrum area for cracks, missing needle bearings etc.
though as I already stated a complete teardown is inevitable but you must find the issue first.
As far as the oil filter bypass I have been running a remote dual filter set up since I had my 496 BBC mainly because it makes changing filters a breeze and I am using a Moroso billet bolt on adapter on the block and I use K & N filters, the adapters take a Ford filter and the burst rating is 550 psi and I have never had an issue.