I had some of the same oil a few weeks ago and bought SM to match it to complete the oil change. From what I understand SL is still a good oil; SM is just a little better.
In general, the older SL add-packs were stronger than the current SM. In my opinion, outside of cleaner emissions and possible better fuel economy, I feel the lubrication properties of SL were better than SM.
I would suggest to anyone that feels that SL oils have an advantage over SM oils in anti-ware performance - read the following article clear thru the end!
Valvetrain wear improvement could be associated with improvements in group oils - to compensate for overall weaker add-packs associated with SM.
So maybe I erred in my last sentence - as far a lubrication -- or maybe I didn't. I'm suspecting that if you produce an oil using SL base oil with SM add-packs, the end-result will not be a valvetrain wear improvement. I will speculate that most oil producers improved their group oil percentages when entering into SM.... minus XOM... maybe others too.
The short answer is valve train wear is more a function of additives than of base oils. Some film strength comes into play, but the difference in Grp II vs. Grp II+ is minimal.
The main difference in base oils for SM vs. SL formulations is that higher VI is required to meet the higher temp & oxidation of the GF-4 tests.