Bill Rhodes of Bill's Datsun Shoppe in Clackamus Or has been building Datsun street and Race engines for over 37 years. The guy knows his stuff....
For break-in I believe he used Delo 30wt HDEO oil. It's only in for about 75 to 100 miles. After 100 miles of breakin, he recommends a Pennsylvania Grade Dino oil such as Pennzoil 20w-50. After 1,000 miles you can switch to a synthetic or stay with a Pennsylvania Grade base stock oil in a 10w-40 or higher viscosity. The reason for the 10w-40 rating or higher is that those weights do not meet Energy Star ratings because of there viscosity. Thus they do not have to comply with SM or SN ratings and are frequently formulated for use in older engines. After 1,000 miles you can stay with a Pennsylvania grade oil such as Pennzoil oil. But he recommends at least a 10w-40 for the reasons mentioned above.
I've had the same recommendations from the machine shop who's been building my race and street engines for the last 30+ years. I've followed their advice and have never had a Cam Lobe or lifter wear problems on any of my engines. This was mainly on SBC race engines.
Dino oils seem to be fine for our engines. With stock cams and springs they are not hard on Valvetrains. And the spray bar system keeps the cam well lubricated ( If its not broken ) . I choose to use the best Synthetics that I can because:
1: I've had excellent experiences with high end Synthetic oils. I've seen the tear downs for my race engine freshening and the results are always excellent. For the last 30+ years. So my engine lubrication choices are obviously working.
2: The Z gets stored for long periods of time. One of the big advantages to Synthetics is that they cling to metal surface much better than Dino oil. Your worst wear occurs when an engine is dry started. Synthetic oils reduce that wear. That is a proven fact. BTW... the build up and maintainence of a ZDDP level ( Boundary layer bearing protection ) is one of the main reasons to use a higher ZDDP engine oil in Vintage cars or cars that do not get driven much.
3: Oil is cheap. My engines aren't.
I've used Amsoil, Redline, Motul, Liqui Moly and recently Rotella T6 5w-40 in my Audi ( since 2006 ). The Audi has 225,000 km's on it and engine looks like new. All the time I've owned it it's been on mainly Amsoil 5w-40 Euro Blend, or Rotella T-6 5w-40 full synthetic. Amsoil is great, but you can't beat the Rotella T-6 price point. I prefer a slightly thicker oil for the Z and SBC engines ( at least a 10w-30 in something like Amsoil ) because they are older designs and a 5w-30 or 5w-40 is too thin for the bearing clearances that the car is designed with.
My SBC engines got the best 10w-30 synthetic I could find. That was usually Amsoil or Redline. Amsoil has great HTHS properties, as doe Rotella T6.
Mobile One I tend to stay away from as it breaks down under high temperature and loads. I have seen this for myself on numerous occasions. The old Mobile One formulations ( 1990's ) were good. The new formulations are crap. Exception possibly being the Mobil 15w-50race oils, which are apparently still the old formulation... and not Energy Star compliant. Are we starting to see a trend here folks?? ( Energy Star = bad for HP and Vintage engines )
Castrol products? I try these every 10 years or so when they go on sale..... it takes me that long to forget how bad their oils are. Immediate increase in mechanical noise, coloring of oil and reduction in idle RPM are warning signs of increased friction. Every time I try ANY Castrol motor oil I end up with the same results and end up draining and refilling with a better oil.
Just my .02c. YMMV