Seems it's all a fight between memory & past practices, and newer oil chemistry. Us old guys know what HAS worked for us for decades w/o problem. We are loath to give up strongly held beliefs (not necessarily facts) that fly in the face of the "new stuff".
But, among some of those old beliefs that work is that single weights do work in race motors. No viscosity improvers to shear down, etc. In the case of fuel drag cars, the oil is pre-heated to op temp before it is poured in the tank between rounds, so it's at op temp when the engine fires...
Roundy-round cars do have cold starts, but only once a night. Some come with priming pumps that have full pressure when the starter is engaged.
As far as flow being critical to lubrication, it's not that simple. You can have lubrication w/o flow just like using an oil can on a bolt, or gravity cups on rods and mains in stationary engines, or accumulated mist in 2-strokes...
But in general, in modern high speed engine designs, you need flow to replenish the oil slung away, and to help with the oils cooling effect by supplying cooler fresher oil. Flow itself does not lubricate ...