From what I've read from manuals about the GM OLM on cars that don't say a percentage is that once the light turns on it should be changed within 500 miles of when it had turned on so that there is a chance to get under there and change it or to schedule an appointment within those 500 miles to get it changed. The OLM is designed with a conventional oil in mind, except for ones that require synthetic as per the owners manual, which in that case the OLM is set up for synthetic.
I've trusted mine with conventional for the first 36,000 miles with the OLM intervals, after the 36,000 is when I changed to synthetic and extended the miles beyond that. I still change the filter when the OLM goes off though and continue to reset it every time I change the filter or both the filter and the oil. The second oil change with synthetic and everything is shiny-clean under the valve cover. I have no plans to ever Auto-RX the car or to flush it because it seems to have cleaned itself out.
In my short summarized opinion: The OLM is fine, it will probably tell you slightly less mileage due to more time per total mileage spent driving with the engine warming up.