When I first stated dyno testing motors I would see a HP loss with cold oil using 30 WT Valvoline HD oil, motor would make 460 HP 5900 RPM with 130 F oil temps, no other changes the motor would make 475 HP at 5900 RPM with the oil at 180 F with no other changes
I now use 5W 20WT or 5W 30 WT Valvoline HD oil and see no HP increase or loss between 100 F and 200 F
I do see a pressure drop from 45 Lbs at 1100 RPM with 100 F oil temps and at 180 F oil temp I see 25 lbs at 1100 RPM
The car is a lot more constsitent at the track with the thin multi weight also