Completely ass about face. The oil enters from the outside of the filter, from the hole at the top of the filter chamber. Through the filter, into the banjo, into the timing cover.
So you could be suffering from memory loss. )
Just a note of caution on the paper filters. On the Comet the casting inside the oil chamber that the paper filter seals to is not always uniform. I have one crank case that the filter will not seal to so it allows unfiltered oil through. On the twins, this casting area seems to be much more uniform. I am sure that this problem can also vary with the brand of filter and how it seals, but the felt filters seal against the wall of the filter chamber and the paper filters I have seen do not. Just make sure you look in there and it all makes sense to you before you buy a case of the paper ones.
David