I agree with the other statements that this beast will run so long as there is ANY oil in the crankcase.
FWIW, my '88 owners manual for my XJ suggests anything from a 5w20 to a 20w50 is appropriate for this motor depending on outside temps.
I switched to a 5w40 last year from 5w/10w30 (depending on winter vs summer) regimen. I haven't documented any difference in fuel mileage from the previous years mileage during the same period, and I take excellent records on that!
There is some UOA evidence to suggest that the xw40's do perform better in engine wear than the xw30's, but then there are good results on xw30's too.
Short story: Use any modern multi vis oil between 5w30 and 20w50 and you will be fine!