Is this a good bypass filter?

I have the Amsoil bypass system and it uses the same filter. The only thing I would ask about this kit would be does it have a regulator built into it. The Amsoil kit has a bypass valve that only allows a small amount of oil through on each pass. It looks like this may have a valve with the tiny lines it has, but I would be worried about how much pressure it takes from the rest for the system. Let us know how it works. Vic