I couldn't agree more. When my dad had his buses in the 60's thru 80's, we tried all kinds of stuff from straight grades, to multi-viscs, to synthetics to LOTS of STP, and found that they really didn't make a lot of difference, EXCEPT for Winter time cold starting, so we ran regular 5W-30 in the winter to get them to start easier (all were Gas, not diesel).
Ended up using Kendall oil (from Pennsylvania) exclusively and had good luck with it - VERY little engine wear over the 200K+ miles we usually ran our fleet. We never saw anything running cooler with synthetic oil, but they were all fluid cooled - hard to tell - but we DID notice a whole lot of seal leakage when we ran the synthetics for 6 months. Went back to regular, heavier oil and the leaks stopped (which was expected - Duh!). Synthetics seem to run really thin when hot.
What we did find, though, was that there was a world of difference at that time between oil filters (we ended up with Frantz external toilet paper filters), that the synthetics then didn't really do anything for us (we were already doing oil analysis monthly and running extended change intervals and couldn't justify the additional cost) and that most of the additives (like STP and others) were useless (although I still use 10 wt./STP mix for assembly lube on engines and transmissions - habit, I guess). I don't yet have an external filter on my VW engine, so I'll be changing every 2K - 3K to be safe.
We had one engine tear-down at over 150K miles (the driver over-rev'd it and blew it up - and was quickly fired). The inside was clean as a whistle, and plasti-gaging the mains and rods showed wear consistent with about 50K - 70K miles.
Now that I have my spiffy new dip-stick thermometer, I'll pick a warmer day to change my oil, and change from the 10W-30 in there now (noting the run temp) then quickly run home and change to 20W-50 and make another run and note the temp and let you all know what I find (although this might be something good for someone with a dyno to do).
gn