A friend has a 2003 Tahoe 5.3L pretty much identical to my 2002. He has 220k miles to my 265k miles. He asked me to look it over last year because it was making some "weird noises." The first thing I do is check the oil and it's hardly even touching the dipstick and is jet black. I added 1.5 quarts to get it back into normal range. He admitted that he had to add oil every month or so when the light would come on. I pulled the plugs and found that they were old platinums with a lot of corrosion and gaps all over the place. It wouldn't surprise me if they were OEM. He then stated it would be hard to start up some times. Of the 8 cylinders, 2 were down >20% on compression from the rest of them with another down by 15%. Those 3 plugs were also coated in oil. "Oh, it drives fine."
He had an oil leak from the rear main seal, which isn't uncommon for these engines, but not enough to account for his 1.5 quart oil loss every 1000-1500 miles. The PCV valve was completely plugged from sludge. None of this accounted for the noise though. After replacing the plugs and PCV valve, and topping off the oil, I cranked it up and it was reading just 20 psi at cold idle. "Oh, it's always been that way."
I decided to drain the oil and drop the oil pan. The pan had a lot of sludge in it, and it was loaded up in the pickup tube. I cleaned the pan out, replaced the pickup tube, reinstalled the pan, put fresh oil in it, and bam... 40 psi cold oil pressure. It was still clacking pretty badly though. I narrowed the location of the sound down to under the intake manifold. Great.... I pulled the top end off and got to the lifters. The tips of all 8 pushrods was badly worn. Six of the 8 lifters were collapsed and would not pump up. The lifter bores were worn as well as the peaks of the cam lobes. I recommended a complete engine rebuild or find a used replacement in good shape. "Nah, replace the lifters and pushrods. I'll keep running it until it dies."
He leaves a blue smoke trail behind him everywhere he goes. He pulls it into "Jiffy" for an oil change when the light turns on. I told him he'd benefit from running something like Valvoline PBR or Red Line HP or something with a lot of ester to try to clean up the rings and see if that'll stop some of the oil loss and help the compression. "I can't afford that mess." Yet he can afford to smoke a pack a day (>$200/month). I just don't understand some people.
I have 40k more miles than his with none of the problems he has. That's why I care. That's why I use good quality oils and filters.
Another thing is that I like to support companies that support me and my hobbies. I don't see Kirkland or Traveler sponsoring racetracks and investing in R&D. That kind of stuff goes a long way with me.