A couple of magnets on the filter will do zip for lubrication, but will certainly improve filtration of even the orange Fram cans immensely. Have you seen the power ratings of the rare earth magnets? Try one and cut your filter, then let me know what amount of ferrous particles are in there. A lot of this dust gets through your 1 micron oil filter.
My Ducati doesn't have valve springs, but uses fingers to open and close the valves (no float possible), I guess you could call that flat tappet. Redline is past 10K...4.1" pistons, 11.5:1 compression. Off the shelf synthetic oil. No additional additives necessary. The 2010 synthetic oils > conventional oils.