Cold air filter available, possible oil blow by fix?

Hello, I have an old engine that is blowing by oil and making my air cleaner very oily, so in lieu of this I have seen cold air systems on 300tds ,& I was wondering if this would 'fix' my dielema of having to replace the air filter, because it is a direct system, seperating the air and oil. Am I understanding this right, I have only seen pictures so ... just wondering...any insight out there... Thanks ! James

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