I've had a few of these engines over the years. They seem to like xw40 oils. I currently have a VQ and VK, both of which are fairly tough on oil. I believe the older VG's that were easier on oil had timing belts. I have not had high iron levels, but I have seen oil shearing. I use M1 0w40 almost exclusively.
If also found these engines to use more oil than their 3 liter predecessors, but they make a good bit more power and rev higher. They seem to be capable of high mileage when taken care of, all the VQ Nissans of that generation seem to rev high on the highway. My VK is a V8, if it's over 3k RPM on the highway, the VQ I own is attached to a 6 speed manual, and is higher on the highway. My previous two Machines Se's were also similarly high on the highway - one 5 speed manual and one 4 speed
Auto.