I wouldn't worry about synthetic, blend, or conventional. Worry about the oil's performance!
The point going up is to protect your engine, up to a certain level. SP seems to require more of that moly, titanium, boron..... in whatever ratio the blender chooses to pass their timing chain tests..... Can't say it isn't helping the rest of the engine too for those without the chain complexity.
The latest API/Ilsac spec's are SP and GF6. There is no point in using an inferior oil because you want to use 'conventional'. I would NOT even consider wasting money on new 'SN' oil when there are plenty of 'SP' oils to pick from. Toyota branded oil will catch up eventually.
Eventually, you will see API crawl, ever slowly, to a full synthetic oil. Automakers are already there with some of their oil requirements or 'grades'. Not too many Dexos, HTO06, or 504/507, or 0w16, 0w20, 0w30, 0w40, certain HTHS, better NOACK, .... in conventional oils.
Synthetics were considered 'expensive' to too many consumers. Marketing seemed to be afraid of the word 'synthetic' as a requirement for the typical cheap consumers, especially in the US. Its easier to avoid that word and just come out with a more demanding spec. And, doesn't help that all the whiners complained about all the leaks caused by 'synthetic oil', or hogwash of not breaking in properly, or.... Bad reputations are hard to shake, especially when overhyped by the clueless.
I don't use synthetic oil. I use a Dexos oil in one car, a 5w40 in another, a 5w30 with 3.5+ HTHS, and an oil with a NOACK of <10%..... But, guess what, they are all synthetic. And, if the majority need a 'blend' to meet an API SP license, then its a good start.