The 7.3L PSD uses it's oil for the HEUI injection system. So you don't want something that's too thick or too thin. The HEUI will shear oil down, but it seems to slow/stop the effects when a thinner oil is used. If you use a 40 grade, it will shear to a 30 grade at some point. If you use a 30 grade, it will shear less if any at all. I cannot explain why this is so, but I've seen (literally) hundreds of UOAs to know this is just a symptom of the system's operations. So ...
Either the 10w-30 or 15w-40 will do a good job in your area. As much as I'm a fan of extended OCIs, in this case I'd say just stick to 5k mile intervals using conventional oil. The 7.3L is reknowned for it's longevity. The grade choices are going to make a minimal difference in fuel economy; not enough you'd see in your 5k mile annual use. The 7.3L PSDs run just fine on conventional oil. Don't get hung up on brands; even house brands will do fine. Just make sure to get a qualified HDEO; CJ-4 or CK-4 will do fine.