Stewart:
Is your Vortec 8.1 one of those infamous oil burners? In that case, the Mobil 1 Truck & SUV 5W-40 (Same as Delvac 1 for commercial trucks) will HELP a lot.
I know in my commercial equipment, oil consumption decreases around 50% on average.
I will also be switching my truck to M1 T&S in April or so. If Holden in Australlia can run LS1's with xW-40 and xW-50 oils no problem, with MUCH lower oil consumption, we can too.
FWIW: here is the difference viscosity makes in my 2000 GMC Sierra with Vortec 5.3 V8:
Mobil 1 0W-30 1 quart every 4,200 miles
Mobil 1 5W-30 1 quart every 4,800 miles
Mobil 1 10W-30 1 quart every 6,800 miles
I don't think there will be any negative fuel economy hit. I used to have a 1992 Honda Prelude SR that I bought new.
In summer of '94 (Or was it '96??) I put in Delvac 1 5W-40 before a very long road trip. I went to Lost Wages Nevada, then visited some relatives in Santa Rosa CA, then down to LA, then across the South to Disney World , back across the South to I-35, then North to home.
There was NO difference in fuel economy. The motor seemed a little quieter and smoother. Not an oil burner to begin with, there was a DRAMATIC difference in oil use: 15,000km on the oil and the level was down about 2mm on the stick.
Jerry