Think time-at-temp. That's what that old ATF chart was all about, oxidation rates. The oil oxidizes as surely at 210 as it does at 260, but it happen more slowly. Some oils may oxidize more quickly than others and that is a product of both the base oil and the additive pack. They ALL break down with heat, some can just stand it longer or don't oxidize as much at the higher temps. Flash point would be a good, often seen, indicator, I'd think.
Rather than thinking in terms of finding an oil that can withstand heat, perhaps the best long term solution is to find a way to keep the oil temp lower and at a stable temperature. The more I think about that, the more it looks like an oil-to-water oil cooler is the way to go. It warms the oil quickly for good flow and to bake out moisture, then it stabilizes the oil temp to somewhere near coolant temp (actually lower on the one engine in which I've see tests, but I don't know if that is universal). An oil-to-water cooler with a thermostatically controlled oil-to-air cooler to control temp spikes would be the ideal for a working rig.