I had oil blow by literally puddling in the CAI, I popped some of the PCV lines off and they would piss oil...this is a freshly built 347 with less than Im guessing 1500 miles. The way the PCV line was set up before was just a single hose lead from the lower intake to the upper intake, I have the same holley system as the op.
Now with constant amounts of oil coming from the PCV system that got spliced by a line for the charcoal canister I came to the conclusion that this is the problem as like I said there was oil all through these lines. First I deleted the Charcoal canister, then added in a catch can...
So my PCV system at the point was...a line from the PCV to the catch can, then a line from the catch can to the upper intake. Now this set up was better, though you could now see the amount of oil/ oil mist traveling through the lines into the catch can. While the CC did stop some of it, I was still getting alot of oil coming through and ending up at a low point in my CAI. At this point I had to sit back and try to figure out how there had to be an excessive amount of vacuum/pressure on the crank case that this amount of oil would be making its way back up.
I found that there was not a sufficient way of getting metered air into PCV/ crank case. That oil was most likely being pushed through the PCV system if there was any sort of high compression build up "compression braking/ excessive intake pressure". So this brings me to my current set up I have above....not only allowing metered air through valve cover, but also intake pressure as it is still behind the TB plate.
So I ran it like this, PCV in lower intake, hose to catch can, then outgoing hose from catch can splices into a 3way hook up where it splices into where your oil neck on your valve cover is. Keep the original hook up for that though just have it done through the three way. There's a hole I believe if you have capped it on your upper intake, cap that if you haven't already.
Not trying to be smart or anything, but as of now it has worked for me and I still has great oil pressure "50+ psi on a high pressure oil pump". Honestly if there is a problem with it I wish to know cause, ofcourse I wouldnt want to be starving the damn motor of oil. Just putting in my .02.
Here is a good read too, not in my defense, honestly just for the threads sake.
http://www.sn95forums.com/showthrea...rtation-and-the-Alternatives-(Updated-4-02-07