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I'll let more expert heads than mine chime in with the whys and wherefores but I was not aware of a change to the pump ratings unless we are talking Daytona onwards.I am running a Vee sump with outsider and did exactly what you are asking and have been running like that for 2k miles plus no problems, the engine is an LM 1000 aka LMV
I wouldn't go through the trouble of changing to the big filter unless the small one is becoming hard to find.I like to prefill the filter and screw it onto the sump rather than let the oil pump do it. The big filter takes about 12oz. I haven't changed a small one in a while but I think it's 8oz. That's a lot of volume to push before getting any pressure.