Found this at a corvette site, their bottom line was use a syn 10/30 (NOT 5/30) and don't worry about the spec.
"Using information provided by the the GM Powertrain Division and the Lubrizol
Corporation, a chemical manufacturer that sells raw materials to the world-wide
oil refining industry, we researched these different oil specs.. GMPT supplied
the particulars of 4718M and Lubrizol's web site (www.lubrizol.com) had the
test sequence requirements for API SJ, ILSAC GF-2 and AECA 3-96.
SJ and GF-2 have only minor differences, none of which affect the ability of
oils meeting those specifications to lubricate. 4718M and 3-96 are similar,
however, both differ from API SJ and ILSAC GF-2 in two critical measures: 1)
the GM and the AECA standards require better performance in high
temperature/high shear environments, two conditions present in any engine
generating very high oil temperatures and 2) both 4718M and 3-96 require a
lower oxidation rate, also a necessity in an engine generating high oil
temperatures. Those differences mandate synthetic oil because petroleum-based
oils cannot meet the higher requirements. Better high temperature/high shear
numbers and lower oxidation rates are characteristic of all quality synthetic
oils."