I think the big misconception people have is...
Umbrella seals completely seal the valve guide from all oil.
This is far from true.
The sealing surface on an umbrella seal is no larger than on an o-ring seal from the factory.
It will shield the guide from the splash but it floats up and down just like the o-rings. (Some SBC's being an exception when the o-ring sticks in the grove on the valve stem!)
Now if you want to talk about PC seals than I will agree they completely seal and should only be used with a silicon bronze or similar guide material.
Now if someone uses the wrong size umbrella and pushes it over the valve guide so it can't float than you may be asking for trouble.
With the amount of oil vapor in the valve covers you will not starve the guides of lubrication by using an umbrella seal. Think about the amount of oil that accumulates in the little spark arrester on the valve cover.
I guess I'm just not happy with good enough or "it's how the factory did it".
If there is an improvement than I will try it.
Should we all keep points and carbs?
Some think so.
Go FI or go home!!!