Used oil testing results are back from Blackstone. As my situation (motor mileage, temperature, particulates, fuel, style of driving, maintenance schedule, etc.) isn't the same as anyone else's, please take my results with a grain of salt. I don't drive the car very much, and I take it easy on her. She's leaking a fair amount of oil from the filter housing (potentially pulling in some contaminants), and I missed a filter change. That likely has something to do with these results. Time will tell when trends start to emerge.
All the wear metals are over-represented...even at 280K+ miles it's a bit higher than I'm comfortable with.
The bad news:
Oil viscosity low (how much lower can 5w20 go?!?)
iron (block), lead & copper (bearings), moly & chromium (rings), alu (pistons) were all well above average for a typical high-mileage motor.
Good news:
I didn't run a "TBN" on the oil (amount of anti-wear additive left), but the high zinc content leads me to believe I can run a thicker oil longer. I only had about 10K miles on this oil.
Conclusion:
I'll be using a thicker base oil. Preliminary findings seem to show that 5w20 is too thin for my M42. I'll be using synthetic 20w50 next. A slight penalty in fuel mileage isn't much to pay for another 100K miles.