Aaron, youre thinking in terms of turbo. Yes a bov is similar to a bypass valve. But you need a smaller spring pressure to allow equalization of air pre and post s/c at off boost situations (cruise and idle) or you'll get cavitation.
Another thing with your air to air setup, be careful of psi drop across the board with the core and all that piping. Remember you s/c wont compensate for it like a waste gated turbo will (or well mask it to some degree). You say 14psi is that at the compressor? If it is, it will be less at the manifold. IMO, I would run a smaller pulley to compensate for the psi drop and a waste gate ( on the charge pipe) to control the amount of "boost" you want.
Check out this link for your bypass valve.
http://tialsport.com/index.php/tial-...vs/47-tialbvqr