A good high mileage oil would probably be good as the seals are pretty old in there.
Valvoline Maxlife or Pennzoil HM or Mobil Clean HM would be good bets.
Oil tech has gotten much better. The oils of today are much better at protecting your car then the old oils.
Best filters would be Purolator Pure One, Mobil 1, K & N, Wix, Napa Gold or Carquest Blue. They have better filtration and can probably find decent price on them.