Mobil 1 10w30/5w30 is too thin for the LT1, IMHO, I think these engines need a thicker 30wt to a lower 40wt oil.
I think Amsoil 5w30 or 10w30 would be an excellent choice for the LT1, as they are thicker 30wt oils, almost 40wts really.
I'm using Schaeffer Supreme 5w30 in my LT1 Formula right now, so we'll see how this interval turns out. I'm going to be doing the UOA earlier than expected, at the 3k mark (I won't drain it, I'll just sample it early)
I'm really hoping this batch of Schaeffer 5w30 is closer to 12cst at 100c. Some batches of this oil are around 10cst while others are thicker (even their tech specs list a range of 10-12cst) So far all of my UOAs with their 10w30 blend showed it in the 10 to 10.3 range though, which is a bit thinner than I would like, and I think it's part of the reason my wear numbers aren't as good as they could be.
This next UOA will be very crucial for me, it's my fifth interval with Schaeffer Oil, and I really hope I'm not disappointed with the numbers. I do believe it's a great oil, don't get me wrong, it just might not be the best choice for my car. We'll soon see.
This is all IMHO of course, the best thing for anyone with an LT1 (or any engine for that matter) is to do a used oil analysis on what they are currently running, and go from there. Two pieces of advice though, number one, don't use a restrictive oil filter (such as Mobil 1, PureONE, Bosch Premium) and number two, don't expect good oil analysis results if you're using a K&N air filter, better to stick with OEM or a Fram air filter.