The 3.2L sohc engine is a very stout, reliable engine; I have one myself in my 97 rodeo, with 205k miles and going strong.
This engine DOES have a PCV valve and is VERY important to it's running right; should be changed every 6mnths, no kidding; but they're cheap and easy to get too.
Mine does not burn or leak oil however; knocking hard on wood.
That said, I had mine on Maxlife 5w-30 for several years, just because that was the oil my sister & I could both use.
However in the last 6 mnths I've since switched to Quaker State Defy 5w-30 - my engine runs a lot smoother, and again, doesn't use any oil, but I like how the Defy is labeled an SL oil for use in older engines.
15w-40 is not too thick for these engines in Australia or if you lived in the Arizona desert; but truthfully, there's no need for an oil this thick and could actually rob the engine of needed lubrication at start-up as well as diminish gas mileage greatly.
10w-40 is not needed either.
5w-40 Rotella diesel/gas oil is considered the jewel among Isuzu owners; great start-up oil without being too thick and has great cleaning properties at a slow rate; has also greatly slowed down oil usage in 90% of the older engines.