Steve,
I haven't used o-ring type seals but here is an interesting article that you might want to read before you change to an o-ring.
http://www.fastcorvette.com/CaliperSchool.htm
There are apparently some performance
disadvantages to using the o-ring calipers. According to the article, pedal travel is increased and piston binding could be a problem. Very interesting read whether you agree or not.
I have never had a big problem with air pumping and I am running stock rebuilt calipers from a rather cheap local parts supplier (Autozone,). Up until a few months ago my car was a daily driver. I believe that's at least partly responsible for the lack of trouble I've experienced. Since your car appears to be raced, I probably would stick to the OEM style lip seal and just figure on doing a bit more maintenance as the trade-off for the performance advantage.
Good luck with it
.
.
.