I'm not missing any point. I'm sure cheap mineral oils are "good enough", and that is about it. It will stop the engine from seizing up. Of course all oils are better than 1962 oils and that is not the point as I am comparing the current crop available, comparing like with like. The original point I made which I have to keep coming back to, as many here don't get it and fly off on tangents about body panel rust or other unrelated matters, is how to maintain the longevity of a drive train and the smooth newness feel and sound.
It was simple, use the best oils, which just happen to be full synthetics and change the gear oil at more frequent intervals. It is not overkill. It is not oil only made for racing cars. It is thin at low temperatures and gets to the bearings, especially the top end of an engine, in about a second after the crank turns on a cold morning, which normal thick mineral oil will not. It is very difficult to compress and keeps an engine very clean. It prolongs a cat as an extra.
If you really want an engine to last use an oil compressor, available in the USA, so only available here by mail order from the US. It maintains oil compression in a vessel. When the crank starts it spurts the oil right through the galleries to the dry bearings, far faster than the oil pump can do. Also use a thermos bottle. Used on the US version of the Toyota Prius and was used on a SAAB model. It retains heat from the coolant. When the engine is started, stored hot water is injected into the cylinder head giving instant warm up and heating inside the car, avoiding any choke.