Hows this, if you have an aftermarket filter and want to check if the oil is bleeding down, before starting it in the morning pull the oil filter cap and see if the filter housing is still filled to the top with oil or if it bleed down over night. The OEM setup does not bleed down and stays full, so not a dry start in that aspect. Also note that most engine failures I see in the shop have aftermarket filters and use cheap oil. Yet I've seen numerous BMW engines (I4, I6 and V8) go well over 300k with no engine troubles and still driving great just following the OEM guidelines for services. I worked on an E36 318ti (92-93ish) semi-recently that was pushing just over 480k miles on the original engine, had original manual transmission, and was still in overall good shape. Purred like a kitten.

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2003 4.6is