I've been inside more FoMoCo and Mopar than Caddy iron of that vintage when they were newer. Unless Cadillac had some miracle foundry, I'm sure they were roughly similar in machine quality.
But honestly, when you get to these old big blocks and some of the clearances and tolerances they lived with, especially as they aged, I doubt they (or you) would notice the difference between a 10w-30 and a 20w-50. We ran both vis routinely then, depending on compression/wear and how they were going to be used. Most of the factory recommendations of the day for street duty were for a 30.
This one looks to be driven like a parade car, and has a gentle valve train load as they go, so I'm sure a 30, or even a 40, will be plenty fine. BUT I would lean towards an HDEO, as they run much dirtier with their relatively sloppy Rochesters (even in smog tune).
Avoid the synthetics in these older beasts; many used a rope RMS, and would be more prone to leaks. No need for one anyway.