A couple other random thoughts:
-Install a 750A oil pan-like setup, cooled by the finned pan? The 750A manages 50k miles between rebuilds, without the tank. Drag racers like this, as do chopper riders. On turbo 750A bikes, I have seen deeply extended pans (about 1" more than OEM, with an adapter) since the exhaust pipes don't have to pass below the engine. On a custom "750 Scrambler" I saw in the 1970s, someone also adapted 2 Kawi 900 exhaust mufflers (one each side) into 2 beautifully siamese-d pipes each side, long and graceful, so as to install a deep oil pan back when a special adapter kit for choppers was made to "wet sump" the 750. It held over 4 quarts of oil, and the builder installed a windage pan under the crank to keep the splatter from robbing power: what a screamer that bike was! It popped wheelies like a CL450, easily.
-The constant motion of the hoses is going to be a wear issue, and will likely break the castings that feed the hoses to the engine (they are not terribly strong).
-The hydrostatic head pressure that feeds the [stock] oil pump is vital to getting oil flowing, especially when cold. It would be nonexistent if the swingarm held this oil. Once the pump sucks air, it takes a LONG time for the bubble to get pumped out, as those who dried out a pump and then tried to pump up the engine have discovered sometimes!