That's a neat installation John, well done.
It's certainly cheaper than off the shelf pre-oiler's/accumulators from the likes of Accusump and Moroso. I guess their additional costs come from the air/oil canister with an internal air/oil separator piston and maybe their switching valve/electronics? There's a neat Moroso video on YouTube that shows the piston arrangement and how it operates during startup, during oil starvation, etc.
Did you fit a oil pressure gauge during your initial trials?
As ours vehicles are hybrids, how does your set-up cope with the engine on/off in quick succession? - I know mine can do that depending on the conditions.
You mention a simple set-up above, is yours any different with a timer/relay for emptying/filling the canister?