Maybe. Valvoline has always endorsed their HM oils as safe from day 1. Any car I had through the years that leaked required a mechanical fix. Those were always GM and their crappy gaskets.
Oh for sure the HM oils are safe on even a new engine. But safe and optimal are different thresholds of success. They are the kinds of differences that take many tens of thousands of miles to show up or matter.
I just think that oil is generally zero-sum. If there was absolutely no downside to the extra conditioners, every oil would have them.
In my mind, it's sort of like using an SN-rated diesel oil in a gasoline engine. Is it safe? Well of course it is, it has the SN rating. But certainly the additives for soot control in a CK4 rated oil must compromise the performance in applications where soot isn't a main concern, right? Otherwise we wouldn't' have separate oils for gas and diesel engines.
The "optimal" oil addresses what a particular engine most needs. Some engines with lots of chains would benefit from an oil that emphasizes shear stability. An engine known for fuel dilution might benefit from a thicker-within-grade oil.
HM oils are absolutely safe to use. But I'd argue that safety is the wrong measure of success, because 20w50 V twin motorcycle oil and SAE30 non detergent oil and VR1 racing oil are all "safe" to use in a short timeframe.
Oil selection is the short end of a very long stick. That's why so many discussions go unresolved. It's why thick vs thin still exists--it's because so much time passes between our decisions and their consequences that the feedback loop is very weak and we frankly got little to no actual data other than anecdotes. Heck, even those doing UOAs regularly will tell you there's precious little difference in wear performance among full synthetic oils. UOA discussion ultimately forces us to admit that UOA can't really distinguish the wear performance of two good oils.
Give your engine what it needs. There's no preventive utility IMHO of using an HM oil when it's not needed.