I don't have this figured out yet.
I've noticed an immediate improvement in cold starting when adding MMO to the oil, even as little as a pint has made a notable difference in several vehicles.
Yet I just tried an experimental "cleaning run" with 25% MMO and used a much thicker base oil, 15w40 Rotella, due to the large amount of MMO. According to the calculator I should have been flirting with a thinnish 30 weight at best. That's why I waited until it got cold to try it. In actual practice it still acted like a 40 weight (my Jeep complains on 40 weights). Cold start up noise when the temps dipped was so horrendous and agonizing to listen to, I had to dump it. That was after I first suspected the filter, changed it only, and saw no improvement.
So I put Pennzoil YB 5w30 in it, and left the second filter. According to the calculator the 5w30 should be thicker than what I took out, but I've had no extra cold start up noise at all. None. What a shocking difference.
I don't know why, but it seems that while MMO clearly thins the oil, it doesn't do so as much as you might expect. Maybe that's part of the "Mystery" hah hah.
I would have been interesting to have a UOA done to see what I took out actually spec'd at, but I didn't think of that in time.