A 10W40 would be a fine all around wt., didn't say where you live or what climate, that may make a difference depending on extreme heat/cold. What's more important is to make sure there is enough ZDDP in the oil you use. They have recently lowered the ZDDP (ZincDDPhosphorous) in most oils and this is needed in our older hyd. flat tappet engines for lubrication of the cam primarily. From what I've researched you want between 1000 and 1200 ZDDP preferably.
Some Mobil 1 full synthetic have 1000 ppm ZDDP, or you can use an additive - Zddp+, compcams additive, GM EOS, etc. at every oil change with whatever oil you use.
Jon
__________________ '67 Coupe 289 C4, Candyapple red w/red deluxe int., PS, ext. decor group, light group, foxbody seats.
Next to install> stroked 333, AOD, 9" w/3.50:1, PDB.
'09 Black Warriors In Pink with glass roof - the wifes Mustang.
"If it ain't broke, I haven't fixed it yet" -Jon |