Hi Ryan,
Not sure if you've installed one yet but...
I recently picked up an IS250 a couple of weeks ago. One of the first jobs on my list is a oil catch can. I've not yet fitted it but picked up one from ebay last week. I took a gamble on a Chinese copy of the Mishimoto Compact catch can. I was actually rather surprised as it seems to be fairly decent. My initial though was to put it behind the front grill in front of the radiator, however, I'll need to see if it's even possible to route the hoses there. Another possible location could be under the air intake.
Also, you might want to check the operation of the PCV valve. This can be done removing it, attaching some hose to the valve and blowing air from the side with the threads to make sure air passes easily. Also, try blowing air through the other way to make sure it doesn't. It's a fairly awkward place to get tools into. A crows foot would help. When reinstalling you would need to apply red thread locker on 2 to 3 threads and torque to 27Nm.
If you are worried about sludge regular oil changes might be an idea. I would definitely change the oil if you are not sure how old it is.
Here are a couple of pics of the catch can and one of the space under the air intake.
Once I have worked out the best solution I'll post an update with more pics and parts required!
Sticks