JollyGreen.....
My truck has used Mobil 1 Synthetic since it had 22 miles on it. It burns no oil, (it does use some, but once I fix this oil filter adapter I'll be good to go) and my engine has zero sludge in it.
Replaced the valve covers the other day, and they looked like they just came off the line, no exaggeration. I couldn't believe it.
Granted, these engines have been around since the days before multi-viscosity oil was standard, but 5W-30 is what is recommended. People run 10, 15, and 20W30 in it, but I think anything thicker than 10W-30 is just stupid. You can really risk damaging stuff by using oil that is too thick when it is colder out.
In AZ, 5W-30 or 10W-30 is fine, due to the climate, but don't go any thicker.
In all honesty, I've run 5W-20 in this thing (it was on sale....) and it ran just fine with it. Oil pressure was about 10 PSI lower though.