road draft-way too stinky and nasty. into exhaust is best IMO, will always haze a bit. I was lookign into these, Mann oil mist seperators. Can get them for up to 600 brake hp, flows like 1500l/minute (way way way more than even the most worn idi will put out), a little procey aroudn 300 bucks but they are nice units. There is an oil return that will send the condensed oil back into the pan (just have to drill and tap a fitting.) Sorry I forgot the actual name.
As for oil in the intercooler-same thing, drill and put a bung on it, then you can have a petcock drain.
Right now I have a nice looking 4"x10" mist seperator. The crankcase fumes enter into the top, there is a 4" long piece of 1" pipe to avoid it getting drawn thru the outlet without having to go thru this little perforated stainless tube I have in there. No real pics of it. Ive been running it for a week, time to open the drain on the bottom and see what comes out.