OK, there are some good ideas and some bad ones here. That may be "hard" sludge ... It won't break down easily. It can mobilize. If it does, it will get to the oil pump pick-up screen first.
IF it blocks that screen, all bets are off on how long the engine runs ...
Any oil that gets to the filter, had to go through the pump first. The pump will "macerate" it unless it has metal bits in it ... If it has metal bits, the pump will get scored and the oil pressure will drop. Also not good
So what to do? Pull both valve covers and remove as much hard crud as you can. Use an old vacuum while picking it out. Try not to let it fall into the motor ... Soak some of what you remove in an old pie pan with some BG109 (EPR) and see if it softens? If it does, you have found your treatment. If it does not, you need to do something else ...
The something else can be KREEN from Kano Labs. But the same thing applies. You have to test it outside the engine. If the sample stays hard with KREEN, you have no chemical crankcase operating options...
KREEN is the most aggressive oil additive out there. If it won't soften the crud, it either has to stay in place, or be done by hand or in the boil tank at the machine shop.
I
AM NOT telling you to take your engine apart. It's not THAT bad. It's not nice, but it will run
The issue is reliable oiling and for how long ...
If it were me, I'd be running Supertech or Napa synthetic 5W-30 (on sale) and an oversized WIX filter. There are not enough miles on that motor to open up unreasonable bearing clearances, so 5W-30 will be fine. The synthetic will be different enough from what it had, that it will help soften deposits.
Any Napa Auto Parts House can look up the larger filter fitment. We don't need the finest media here, we need the most media area and some strength to capture bigger particles, and lots of them. So absolute filtration efficiency is not paramount.
As the others have said, put it back together after getting what you can by hand, and drive it. You can bump the thermostat to 190 and keep a close eye on the coolant. The heat will help stuff soften. Try not to short trip it.
I would not use expensive oil. The engine does not need it. I would save my pennies for either BG109 or KREEN, if either proves effective on external samples. I'd run 3,000 oil changes. I might change filter at 1/2 that depending on what color the oil/treatment looks like as I go. I might expect to do that for 5 oil changes until I see it taking longer to "dirty" the oil ...