The smaller the particle the filter traps, the quicker it is going to clog up. Also, until you get to a point of saturation, the size of the particles missed by a "standard" filter are not large enough to do much engine wear. I'm fairly anal about my vehicle, but I don't use filters that trap very fine particles. I use regular old standard filters. They are less prone to being clogged. And if that happens the bypass kicks in and you have no filtering at all.
It would depend on the service. If it's all highway miles, maybe.. If not, pretty risky.. :(
I think it's a waste of money, and also not the greatest idea as I have already touched on.
If your Camry has 176k miles on it, you are probably doing something right. Why change? :/
Myself, I use regular standard filters, half decent oil, "castrol syntec blend", and I change it every 5k miles like the manual and the blinky light on the dashboard says. I'm not a fan of "extended oil change skeds". The purpose of changing the oil and filter is to remove the dirt, acids, moisture, and whatever else, and to replenish the additives in the oil. I'm not going much past 5k in any of my vehicles, and I don't care what anyone thinks about it. My older trucks actually get dirtier after 5k miles than my newer Corolla. It's so clean burning it is really not that bad after 5k.. But I change it anyway. Cheap insurance. I don't use synth blend in the trucks though.. Just regular dino oil.. I only use the synth blend in the Corolla as extra insurance against the dreaded gelling problem. Again, the extra cost is cheap insurance the way I see it.