Okay...let me change my statements here a bit.....
I agree that going 'completely' back to EVERYTHING about an SE/SF spec oil would be silly and counter-productive. I'm just saying that a mixing of mostly older products with some minor improvements would yeild less-expensive oils that would work perfectly well in 80% of vehicles.
A 'modern' group I+ base oil would be a good start - b/c of even improvements in group-I processing, it would be higher quality than a group-I from 25-35 years ago, but still be much cheaper than a group II+ of today.
VII's are failry inexpensive to produce, as they have been around for a long time. So take a modern VII, and add it to a group I+ base oil, and you could still produce all grades needed that would perform well.
As for additives, again, there have been improvements in them, even the basic ones. Just use less expensive ones. Like I've said, 1,000ppm of a 'modern' Zn/P mixture, plus 300-600 ppm Ca and 200-500 ppm of Mg detergent would provide a fairly robust oil that would have a TBN of 6-7, and last as long as many OLMs go, 6-8k (yes, some go much more, but most do city driving).
The important thing is that this combination would be much, much cheaper to produce than modern oils with moly, Boron, OB Ca...etc...and would provide good protection. I do NOT share Dr. Haas' assertion that this combo would lead to accelerated engine wear.
If I had more money and time, I'd work with Bruce381, like Gary did, to make this exact oil, and run it from new in a car and track UOA's...