Windage Tray Height Location

I'm a little late to the party here but while searching FABO threads on windage tray info I came across this one. I am also getting ready to tear down my 340 and was thinking of installing ARP main/rod bolts. I planned on using the original windage tray for the rebuild, assuming there is one in it now. Engine has been gone through before before I bought the car. Not sure by whom. Are the big problems here the aftermarket stud/bolt kits used with factory trays or there issues with the stud/bolt kits no matter using a stock or aftermarket tray?

Looks like folks are having to slice/dice up both styles in order to make'm work with some cutting larger and possibly extra drain back areas in them. I saw that the tray "Matts440" posted has has larger openings and expanded wire welded in over them.

Are windage trays a good idea? I could see where they may restrict oil from getting back to the pan/pickup. Maybe that's more of an issue at higher rpms, especially with shallow factory oil pans?? Someone here mentioned possibly under hard acceleration as well. Ma Mopar engineers put them there for some reason, maybe they help power in other ways but starving for oil seems like a bad idea. If you need to open up existing oil drain holes and cut in additional holes, would it be best to just leave it out? Just curious.