good quality mineral based oil is excellent mokebloke. As a rule i try and stay within one or two SAE specifications on the OEM stipulated oil.
So if a 76 torana came out with an SG rated oil , then i might go SJ or similar just to find a grade that is still being produced. Later cars ( say after 2000) i actually have to read the euro ratings rather than SAE,, to find out whether B3 B4 can be superceded by C3 ( just an example). In these vehicles the base oil quality is the driver, whether they be mineral semi or full synthetic. I have run slightly altered viscosity ratings in these oils. So instead of 20W 50 i run 15 / 40 etc. Most oil makers show ZDDP content in their product sheets, but some a very hard to find. I like the Penrite products, and am currently using in a euro VAN, a nissan xtrail diesel, my road mini , a mazda c5 , nissan micra and a 71 torana and two motorbikes. ( these are not all mine, but rather mine. wife, daughters (plural) - guess who gets to buy all the oil and do the changes?? ) Sadly they mostly take different oils so i just buy 20 litre drums when on special. So long as you change regularly i think most oils are okay. I used to use repco 6 litre stuff in a road mini, but found penrite or valvoline classic equally good. If you believe the results of used oil analysis ( such as done in commercial fleets, but sadly still a bit too expensive for me in australia , we mostly err on the side of overchanging out oil when we do regular kilometres, ( so the oil additive pack is still good at 15000 km but we change at 10 000). BUT unless you track it, it is better to pay $100 more per year on oil and a filter, rather than thousands on a premature rebuild)
Another hot topic ( we have already run the gauntlet of what engine run in procedure and what oil to use) for sometimes heated debate is that of oil filters. - and if you thought finding out info about oil was difficult try getting consistent info from filter makers... but again moving way off topic