It depends on the application. A 220HP 327 (0.67HP per cubic inch, and that's SAE GROSS HP) is going to have a broomstick cam and weak valve springs. On top of that, the lifters and cam are already broken-in, which is the main concern when considering ZDDP levels.
Would I run Valvoline Restore and Protect in a vintage BOSS 302? not a chance. I run higher phosphorous lubes in both my HEMI's, as you know. But the valvetrain AW demands in this application, given the low power density, should be similar to higher spinning cam-over-bucket applications for which Valvoline Restore and Protect is approved, so I see this exercise as being very low risk.
These are the specs I'm finding for the stock cam:
View attachment 339907
202 duration on a 116 LCA with .390/.409 lift at the valve.
Stock springs appear to be installed at 83lbs, open pressure is 193lbs.
In comparison, a stock 351W FT cam from 1992:
View attachment 339908
221 duration, 113 LCA, .444/.452 lift at the valve.
Stock intake springs are installed at 78lbs, open pressure is 204lbs.
The old Windsor (albeit, having a superior lubrication system than the SBC), is just fine on current API oils, there are still many of them running around and it has a more aggressive cam and higher open pressures.
If we were talking a higher performance application, my opinion as to the level of risk involved would shift accordingly.