I think I can answer a few questions concerning these filters as I have been using one for drag racing about 3 years now.
Considering the cost, I would have to agree it is not probably the type of filter you would want to use for regular driving on the street. Most people replace their filters every 3K to 5K miles. So yes it would take awhile to break even on the price for a K&P or Scotts filter.
As for the issue of not being able to clean it out, I do not put much weight in that, it is very easy to do and not anywhere as messy as a comment made by an earlier poster may lead you to believe. I use a can of brake cleaner spraying from the inside out and use the exact same air nozzle as pictured above to dry it and blow any existing particles out.
Here is where these filters are worth their weight in gold... When drag racing, especially on a motorcycle that has 300hp or more, it is very comforting to take off the oil filter after every couple of passes or so to look for any metal. Both of these filters have very strong magnets on them and will pull anything out that may be an indicator you are about to have problems.
In my instance I have never seen anything on it to give me an indication I may be about to have a catastrophic failure but I can tell you some of the Pro Street guys who use these filters have. If they see any metal shavings on them from bearings they do not run the motor, tear it down in between rounds and fix it right then. For this reason alone they are much more cost effective than a paper filter which will not tell you anything unless you cut it in half, which some riders do.
As for it fitting behind a header or a turbo as I use, no problem. Johnny Dobrin of Exotocycles made a nice device to attach to your block which will angle the filter anyway you would like. Schnitz sells them and I posted the link below.
I hope this helps some of you in your decision as to whether or not you should use one of these filters.
Oil Filter Relocator, Suzuki Hayabusa - Exoticycle