All Amsoil oils exceed the API minimalist specs. This has been beat to death. I will admit the coming SM, GF-4 is a bit more rigorous, but most of the changes don't apply to XW-40. And certainly Amsoil won't need to reformulate to meet this. To some extent it is the money on the other hand it's the whole API will control the formula politics.
Amsoil actually makes 3 10W-40's. XLO, AMO and AMF.
The overpriced XL series designed for API is a very good group III oil. This oil is 100% API certified and Amsoil still uses "meets or exceeds".
The AMO is an ok group IV oil, just and old formulation that needs updating. It meets the diesel requirements but is not my first choice. I would favor the 5w30 HDD, the full syn 15w40 (API certified, btw) and the new 5W-40.
The AMF is the motorcycle oil. I believe it is the same basic formula as the AMO.