Firstly,

to TN !!
Second, while still under warranty...it would certainly cause a conflict if you had an issue. This setup is complete overkill for these cars. With a cartridge filter it would be a hassle to set up and the gains would be minute at best with such a small sump. The Corolla has a tough tight engine.
Best advice, change out factory fill at 1000miles, keep up with regularly scheduled maintenance until warranty is up. Meanwhile, read up on bypass systems and get the opinion from
http://www.bobistheoilguy.com/forums...oard=34&page=1 and learn about what you are inquiring to see if its really worth it. Then look ever the rest of the site and learn all you can about how great modern oils protect engines these days