Both unless you modify it.
You know the answer.
The oil level is so close to the crank, it keeps it from getting whipped up into it.
I Swiss cheesed one with a million holes, to help with the oil that gets trapped.
A crank scraper is probably a better option, along with a properly baffled pan, as that’s what I put on the last 340 I built for a customer. Made by Kevco.