Years ago I used to run 20W-50. Then I went to 15W-40. Now I run 10W-30 in my drag race engine.
I recommend running a good quality race oil and changing it every 50 passes or 3-4 months; as long as you are not seeing any oil contamination. I use Brad Penn racing 10W-30.
If you are running Indy Heads (SR, 440-1) I recommend restricting the oil feed lines to the heads.