You may think so, and maybe I wanted to believe that as well, but just this morning while researching a comment in my 75w90 thread, I found
a paper talking about the choice of base oils when formulating gear oils. The thing that stood out most was:
Operating efficiency by base oil:
Mineral oils (conventional): 60%
PAO/Ester based: 70%
Glycol-based (PAGs): 78%
Not only does that mean better mpg with no other changes to the HTHS or add packs, it also means significantly lower heat generation, which then allows roughly
doubling the service life for every 10*F reduction in gear oil temps. If you take both the potential mpg savings combined with longer fluid life (and diff life for that matter), any cost differences from conventional to synthetic are FAR outweighed by overall lifecycle cost, with the PAO/Ester & PAG being potentially magnitudes cheaper depending on use.
If you drive 3k miles per year, that difference may be almost nil because you’d likely sell the vehicle before failure or too many fluid changes. But if you’re an OTR driver or hauling camper trailers from Elkhart IN @ 200k/yr, the cost of synthetics will pale in comparison to the financial benefits of using them.
Not saying the Spirax isn’t good (the 75w90 was tested in my gear oil thread) but it would have to be darn near free and for a low-use vehicle to make sense over a long period of time.