The chemistry of lube oils, as well as the shear stability of basestocks, has advanced so far that there really is little need for a 20w-50 oil to be used any more. There is something to be said about having enough viscosity at the bearings that we do not wear them prematurely, but once the chemistry of the metals and oil intertwine, and we have a decent lubricating boundary layer, anything else is just power loss.
I wouldnt say that you should use a 30wt, even one that is on the viscous/heavy end of the 30wt spectrum. However, IMO, unless you really thrash your engine in the desert heat all afternoon long, Id say that a 50wt oil is too much as well.
I have found via analysis that a 40wt oil is optimal for protection. It is a bit thinner at startup in a 5w- grade, and it merely sacrifices a little bit of unnecessary viscosity for better flow and cooling properties.
I also see no reason why not to use synthetic lubricants in any car worth keeping and running well.
5w-40 MUST be a synthetic oil, of at least group III (severely hydrtreated slack wax) spec, with some PAO and some ester mixed in, in order to meet the viscosity spread desired. Further, given its inherent use in heavy duty diesel engines, it must e EXTRA shear stable, so this limits the use of viscosity index improvers... that means thatr a syn base is more or less mandatory.
I would suggest to pick a 5w-40 oil and stick with it.
JMH