Filtration is the key to any oil's "life".
If the oil becomes dirty due to soot, bypass gas and water, it's going to do a crappy job of lubricating your engine.
Stock type spin on filters only stop particles (Crap) down to about 10 microns at best. Many are more like 20 to 40 microns. (Wow, a 40 micron particle is HUGE in this context, and your "Race" filters are only going after the larger ones because they expect you change the oil after a race or two, and higher oil pressure/flow on a paper filter requires a larger "hole" in the paper....)
Depth filters like your K&N air filter for example trap the debris in layers of media. The oil filter type use a few layers of tightly woven media, and actually flow more oil than a paper type filter, even layered. (Once the outer holes are clogged, your done.) With depth, the big stuff is trapped on the outside, and the smaller and smaller stuff is stopped/trapped in the layers. Read up about it a Canton racing products, CM filters. They make spin on adapters if you want to keep your engine "stock."
Just a interesting tidbit, but wear and tear is caused by any particles larger than 10 microns. The CM filters are rated at 8 microns. (Should be enough right?)
Bypass filters go where your stock full flow filters can't. They "slowly" filter oil in a thicker depth filter. And they stop particles down to ONE MICRON. I just changed my bypass filter, and the amount of crap trapped in it was amazing. All the assembly lube, any coatings that have been displaced as this motor is being broken in, and just dirt in general was on this filter. That is all crap that is not in my motor.
Same with the first CM filter that I pulled out after about 100 miles. It was coated with assembly lube, some small metal particles, and other crap from the new motor. The level of crap would have clogged up a paper filter in a few seconds, and then the "bypass" on your paper type filter would have allowed this crap to be pumped throughout the motor. (Causing wear.)
So, back to oil. The more crap you keep out of the oil, the better the additive package can work. And the longer it will work. Some oil filter companies claim you can get 1/2 million miles from good synthetic oil with the right filtration. That's 500,000 miles. Check out Oil Guard. I run the smaller car unit, and will be adding one to my Audi A8 very soon.
I have used the Mobile One full synthetic oils in my cars since about 1983. And I change my oil 2 times per year. If I put more miles on the oil, I will change the filter at 5k. (This was on the old paper type filters.)
What is amazing is when you open the engine that has run this type of oil. There is NO yellow varnish. No sludge build up. Just clean, new looking parts with very little if any wear. Mostly just polished metal wear surfaces, and like new looking bearings. One motor on my Dad's car had over 400k on it, and had Mobile One in it from about 2500 miles. When we replaced a valve cover gasket, you could clearly see the paint stripes on the valve springs, and there was no varnish, or gunk anywhere, at over 400,000 miles. Compression was good, did not burn oil, and had no other leaks except the valve cover gasket. (Iron duke, so GM type 4 bolt cover, OHV engine.) He started out running the oil 5k, then went to 7.5k on oil changes at the end. (Oil would come out pretty clean even then.)