bolson,
I'm sure it's not a lot but any time you allow air in to or out of the crank case, it's 'unmetered'.
I think you're saying that the breather that some have linked to only lets air out if the PCV system can't 'suck it up' fast enough but that air is blow by - which came from the intake - which was metered at some point.
Not trying to split hairs here but there is a reason why the crank case is a sealed system on EFI cars - and it's so that all air that goes through the MAF eventually goes through the exhaust - even if it loops the PCV system a time or two.
This may not be a big deal on NA cars but on my supercharged Mustang, I was told that under no circumstances should my blow off valve let air out of the system. Instead it is looped back to the intake right behind the MAF (so it's not metered twice).
On the MM I'm betting that the O2 sensors have enough leeway so that if a little air escapes or enters the system that's unmetered, they can have the computer adjust the A/F ratio - so it's all good.
Personally, I'm going to try the oil separater first - I can set it up for under $25 with a Harbor Freight separater: (
http://www.harborfreight.com/air-tools/air-tool-accessories/12-standard-air-filter-68279.html). On my Mustang I removed the 'push button' drain and installed a regular threaded drain. No problems so far.
Thanks!