My 2001 Chevy S10 Balzer with the the SBC based 4.3 v6 Vortec is recommended to use 5w30. It says it right on the oil fill cap and the owners manual. I’ve seen so many of these engines last 400k miles with 5w30, 20w50, 15w40, you name it. These engines just run forever even with lots of abuse, neglect, and on top of all that, horrible oil change intervals. I’ve even read on a forum of somebody running 5w20 on this engine, and they have not had any issues at all, and they did not notice any fuel economy gains at all.
But I use Mobil 1 Full sap 0w40 euro formula oil on my 4.3 Vortec. Why? Because I’ve been on BITOG too much, and apparently the M1 euro 0w40 is the holy grail of oils. Can run it on anything, and it’s able to clean engines out slowly, unlike most oils that only suspends contaminants thus keeping the engine clean, instead of actively cleaning the engine while suspending contaminants. My engine has crazy amounts of sludge in the lifter valley which I found out when I did my lower intake gaskets.
There’s a famous slogan for these 4.3 vortecs. “Power of a 4 cylinder, fuel economy of a V8.”
On my engine, there’s no difference in fuel economy no matter what oil I use. But on some engines, I’m sure it’s noticeable.