Been on the M1 bandwagon for a decade. Pulled the cam cover on the R last year, first time, at 275k. Damn thing was slightly yellow colored aluminum, no black, no buildup, nothing, and it gets 9k changes, filters at 3k. At this point, sitting at 290k, uses about a half quart in 3k. Running M1 10w40 high mileage, no issues at all, doesn't even have any lifter tick. Yeah...a high mileage whiteblock with no tick...explain that.
In mine it's M1 15w50. Not sure why, oil pressure is a little on the lower side for some reason, even with good bearing clearances, so the 15w50 helps a little. FYI...it is still available at walmart, just not consistently at some stores, not at all at others. If you can't find it at one, check another. Bought some last week.