I would be most curious how the 125 micron non-bypass filtration was chosen. I might have expected a finer mesh.
When this PRV pops, Oil is redirected into the inlet...
Not so sure of the wisdom of directing the relief oil right back into a tight loop. On a very cold start, the relief valve might be open for some time and there could be quite a thermal buildup in a very small loop. Why not direct the bypass into the scavenge side, then back to the tank? Warm up the whole system!