Figured I would post what I did and my results. To start off I had this infamies air cleaner drip, and it drove me nuts!!! Over the winter I searched here and found a lot of great info so I put it together and did what I thought was right. Here is what I did,
1). replaced the umbrella valves with new HD units.
2). opened the drain holes next to the umbrella valves to .089
3). removed the stock breather gear and replaced it with an S&S reed valve.

I have put about 30 miles on, which is not much however it is cold and it would spew oil like crazy before and there has not been 1 drop yet!
I do run a Mikuni carb and an Arlen Ness Big Sucker Kit.