There are also changes to the add packs between the SM and SN oils. Some add packs were very robust, on paper, with their API-SM, GF-4 rating. When they came out with the new API-SN, GF-5 categories, the add packs on paper, per VOA, showed the lowering or removal of anti-wear and detergent ingredients and replacing them with so called, "Organic" ingredients.
Case in point.....Valvoline MaxLife HM, Red Jug, changed it's label from Synthetic blend to just plain MaxLife. They took the Moly out and reduced the Boron and substituted it with Sodium...or an Organic ingredient that does not show up on a VOA.
Another oil, that was held in high esteem, Texaco, Havoline with Deposit Shield has removed the Moly. It is now Chevron Havoline with Deposit Shield.
Pennzoil Conventional in their newer formulation of SN, GF-5 added a real robust shot of Moly to their oil from the previous version of SM, GF-4
So it's all up to the end user to see what changes have been made and if they are to your liking.
BTW....I've still got some jugs of 5 quarts of Golden Castrol Edge, SM, GF-4 that exceed the GF-5 requirements in my stash.
Cheers.