PCV- Good or bad idea for a performance engine?

Mal,

1. Not that I'm aware of, but it's ment for street use and not racing use. As it won't scavenge well enough to keep the bottom end free of pressure.
BJR is right, I'll just add this: "it won't scavenge well enough to keep the bottom end free of pressure." Because there is little to no vacuum in the intake manifold at wide open throttle. Not a big problem on the street, but if you're running a race only engine, like BJR says, there is no scavenging when the engine needs it most.

There are header based systems that will pull at WOT.