I think TGMO 0W-16 SP is the best nonboutique 0W-16 out there, having plenty of ZDDP (antiwear), moly (antiwear, extreme pressure, and friction modifier), and boron (dispersant for low-temperature sludge). Mobil 1 is probably still lean on the additives. Unlike Mobil 1, TGMO tends to have Group V polyol ester ((POE) engine-cleaning solvent, OCI extender, and seal sweller), too, which is another plus.
Check with local Toyota dealers to see if they participate in
AdvantageCARE. Here, they offer a $50 oil change/tire rotation/multipoint inspection if you buy three of them at a time. This is what I will do and get two 5,000-mile oil changes a year, costing only $100 a year, which is not much more than DIY and you get multipoint inspections, too. I also don't need to worry about changing my OCI dates by going over 10,000 miles on a single oil change a year by getting 5,000-mile oil changes instead. 5,000-mile oil changes also improve the fuel economy as used oil has poor fuel economy and extend the engine durability and life by keeping the engine cleaner and reducing the wear on engine parts by keeping the TAN low. No grease on hands, no oil recycling, no oil spills in the garage—
it is a win–win.