Friends don't let friends clamor for PF oil tests.
This additive package is quite stripped down. Boron is low, detergents are low, and TBN is low, but that may not tell the whole story. At least this VOA is within grade, and the phosphorus within spec, unlike the PPHM 5W-30 posted recently.
The TBN here is 5.8 while Mobil 1's published TBN for this oil is 9.2. Blackstone uses a different method for determining TBN (D4739) compared to most other labs that use D2896. The difference between those methods is the strength of the acid used and the way it is administered. D4739, which is the lower result we see here, doesn't give a full picture of the reserve alkalinity as only the stronger base is titrated. That's why there's such a difference between these results and Mobil 1's published results. The D2896 method uses a stronger acid (perchloric acid) and more polar solvent system to fully measure both hard and soft base. Typically the difference will be ~2 TBN between the two methods, but it's >3 here, indicating a broader range of hard and soft base detergent additive content.
A reason for reducing additive content can be due to using higher quality base oils, that are more stable and oxidation resistant, and still meeting API requirements. Depending the cost of base oils and additives, as they tend to fluctuate (sometimes significantly), it may be a cheaper method of meeting the brand's standard. They could also be trying to lower valve deposits, though if they were already passing that test previously, there would be little incentive for a major brand to do that, so I'm a little skeptical to believe that. The most likely case is any reduction in deposits likely comes as a bonus to cost cutting measures with additives rather than the other way around.
Unfortunately, Mobil 1 doesn't publish (for this oil) all of the tests that would expose a superior base oil. We don't have CCS nor Noack data, two big indicators of base oil quality. We have MRV results (13,700 cP @ -35°C) which is decent. We have HTHS at "3" which could be a white washed number and not really a result to write about.
All in all... I don't know how I feel about this. I would need to see this oil run through PDSC, TGA, Teost 33c, and SRV in an A-B comparison with a previous SP or SN Plus formula to get a better picture of how it performs at this additive content.