Years ago with my first partnered airplane, a 1970 Skylane, soon after we bought it, I thought to save money by changing the oil myself. Trouble was, I hadn't learned the proper way to safety-wire the filter, and I actually did it backwards. So start-up and running on the ground was fine, but then I took it for a short flight around the pattern, taxied back in, and when I got out of the airplane, oil was pouring out of the lower cowling because the filter had come loose. Right away, I found the problem and tightened the oil filter, then asked the local mechanic to help me understand the proper way to safety wire the filter.
Of course I was concerned because the dipstick showed that the engine had lost the top 4+ quarts and was down below 8, the minimum that the manual said it was supposed to have. The mechanic assured me that I hadn't done any damage, that the engine was actually designed to operate safely down with even less than 6 quarts in it. So of course I asked why it held so much, and his explanation was the same--that it's original design was so that it could be run flat out until the tanks went dry and still have enough oil to lube the engine.
Of course, as I became more experienced with the Skylane, I soon learned never to fill it with 12, and only fill it to 10 for a long cross-country. The longest cross-country we typically ran back then was from Laramie to Painesville, OH, about 9 hours of flying time with 2 stops along the way, first at either North Platte or Grand Island, and the second at Moline, IL. Starting with 10 quarts, I could count on adding a quart at Moline, which was at the 5 1/2 to 6 hour mark, as it would be below 9. Before leaving to return home, I'd add a quart at Painesville and again at Grand Island.
Later when I was doing SE charters, principally in Skylanes, if it was to be a long flight, the oil often had been topped off by someone before I got out there, and I could count on the top 2 to blow out by the time of my first fuel stop--just wasted. If I got out there and found the oil at around the 9 or 10 level, I just left it and took a quart with me. As often as not, I didn't have to use that quart at all.
Cary