Consumption at that rate isn’t going to be effectively changed by choosing a heavier oil. It just ain’t gonna help. It’s too a big leak. If you wanna test the PCV, drive around with the dipstick pulled up 1/2” to release the pressure, but I don’t think you’ll see a difference. If there was crank case pressurization, oil would be blasting out around cam/crank seals. I suspect as one did above that this is a ring issue. If the backs of the valves were notably gummed up, that would support the notion due to the heavy blow-by being pulled via PCV into the intake tract. The catcon is probably doing its job and hiding the burning oil, but this will shorten its life. I hate to say it, but it’s time for a reman or a low-mileage used motor with some kind of a short-term warranty.
And, if the body is straight, the car is probably worth it. I’m one of those guys on this board that has solid respect for Volvo - have owned 3, might own another.