presumably the casing in which the pistons spin would be within a stationary casing mounted to the chassis, kind of like a washing machine. Now once the oil has gone threw the pistons and spun to the outside i would guess then that the oil collects at the bottom and then plumbed back to the centre of the engine, thus cylcling threw constantly. If there was no air gap between the piston casing and the outercasing the centrifugal forces would actually create pressure in the plumbing, completely eliminating the need for an oil pump too.
I dont think that the vibrations would increase actually. the weight of the pistons ony shift in one direction, ie when the engine is turning clockwise the pistons going over the top are in the power stroke, the pistons opposite the ones in power stroke are in compression stroke, but they are moving the same direction, upwards. If anything the engine would probaly lift rather than vibrate.