It is my understanding that one problem with an oil bath on a high-speed gearbox has to do with the fluid dynamics of the oil. As the gear tooth reaches full engagement with it’s mating space, the only place for the oil to exit is out the sides at the root. What may amount to an urban engineering legend has it that if the gear is turning fast enough and the face of the gear is wide enough, the exit velocity of the oil becomes supersonic. I suspect that before you get close to that situation, the fluid dynamics will overcome the mechanics of the transmission and instead of a transmission, you end up with a self-contained oil pump.