If people are doing cold start-ups at 40 below without a sump/block heater, the oil W rating they use will probably have more of an impact than the choice between two filters with a maximum of 8-10 PSI difference in the bypass valve setting. Even if a filter with a higher bypass setting that causes the pump to cut back a little more flow, there will most likely still be enough flow to lubricate the engine. There are literally millions of vehicles being started up in those cold environments, and they all have filters with different bypass valve settings. If someone is concerned about the bypass setting, then only use filters that are specified for their engine.
Seems in the case of the Fram 10060 vs the 10575 - in all Fram model lines, so the bypass difference is not due to media differences - the bypass setting in the 10575 is higher and seems to be mostly speced for newer engines which may have pumps with more flow output, which would require a higher bypass setting mainly for cold start-up situations. When the oil is at operating temperatures, it's pretty hard to get an oil filter to hit bypass unless the filter is getting really loaded up and/or the engine is living near redline.