QUOTE (thebishman @ Jul 20 2010, 03:40 PM)

Personally I would never, ever re-use 'old' oil, I don't care how few miles it has on it. Filter maybe, but oil is so damn cheap why not change 100% if you're going to the trouble of changing? (Caveat: the oil is cheap unless you're using liquid 'gold' AKA Willall 10W-60. Sorry Martin, couldn't resist!! lol).
If you're "sucking" several quarts out the dipstick, and replacing some to replace additives and/or thermal breakdown, this is one thing. However, draining some out into a pan (that's hopefully clean), and then returning to the crankcase is different.
I've seen it done. Ultimate Street Car Challenge, 2008.
I agree, I wouldn't do it. Too much chance for contamination by the pan, particulates, etc. If you could filter it, or even siphon it off the top with a pump that drained from the top down, in a pinch, okay, but not routinely.
I think I get what you're trying to do, but again, NickTO's and my recommendation of removing a couple of quarts with a MityVac or other and then replacing that removed oil with new is the way to go if that's the objective you're trying to reach.
Shawn