I had a span of time, where I didn't have a hot rod to fool with. Didn't even know, about the zinc mandates, on motor oil. Not until I tripped over FBBO, and started catching up.
Like I've mentioned, I've always used VR-1, after trying a few other brands. But, once reading all the talk, about motor oil, zinc mandates, and the like, I did my own research. Didn't have to go far.
On the Valvoline website, it has a few reports, write-ups, on the matter. And, like everyone else, had to be concerned about zinc. The report I have, states the zinc mandates apply to all motor oils, except...single weight racing oil. Also said, including Valvoline racing oil, mandates also apply to multi-weights racing oil. I have no reason not to believe it.
Sure, I believe in what your saying, about lighter weight oil. Though, I've also seen the differences, at operating temps, too. Gets pretty dang thin, at temp, speaking of 30wt. So, it boils down to, a guy has to pick his poison, and go with it.
I've spent too much time, tearing down motors, see plenty of damage, meaning clearances, and lubrication...two items I fully believe in.