Just to muddy the waters, and because I think different opinions are interesting...
My mechanic swears by straight-weight oil, temperatures permitting. He's very old school, but also a chief mechanic for the FSDO, so it's not like he hasn't been keeping up on recent developments.
On the other hand my former tailwheel instructor swears by multi-weight oil. On the field he is both universally disliked and universally (if begrudgingly) respected for his mechanical knowledge. One person who can't stand him but still went to him with a mechanical problem summed it up this way: "It's like he's some sort of ph...ing Rain Man for engines..."
So with those two opinions foremost in my training, I just mixed the two... 2:1 straight-50 and multi-weight in the summer, then 2:1 multi-weight and straight-50 in the winter. (It never really gets that cold here.)
I was explaining this system to the aforementioned tailwheel instructor and, after thinking about it, he said I had it backwards. His take on it was that multi-weight oil has a higher heat tolerance than straight-weight oil, so I should be running the multi-weight-heavy mixture in the summer, not in the winter. His opinion was that a thermally-compromised oil was a far greater risk than too viscous an oil.
I thought that was an interesting point. Then I found a good price on Phillips 20-50 and bought several cases. I mix it liberally with CamGuard, change it every 25 hours, and didn't think too much about it until just now. I guess if in the future if Aeroshell is available at $20 a case less than Phillips, I'll go back to using that, with the same mix of CamGuard and 25hr oil changes.
Hell, I used to change my oil every 25 hours of Hobbs time, which started when the master switch was flipped. Some of that oil wasn't even brown when it went down the drain. I'm sure there's a true right and wrong oil for any given engine, but I doubt any of us will ever know what it actually is.
Keep it topped off, change it often, match it to the temps you fly in. Past that it probably doesn't matter...a Mandatory Service Bulletin will probably dictate a engine tear down before you reach TBO anyway...