If you were to use straight base oils I'll give the group IV & V a slight hedge but nobody sells straight base oils for use in combustion engines. Every engine oil that I'am aware of uses additive packages to make their oils more robust. Thank man kind for additive packages that help group III oils perform like synthetics along with superior refining technology. Superior additive packages along with highly refined group III oils makes a high quality engine oil for less cost.
Most finished lubricants consist of a basestock and various additives selected to improve or supplement the basestock's performance. The basestock is the primary component, usually 70 to 99% of the finished oil or grease, and its properties play a vital role.
The basestock dictate the flow characteristics of the oil, the temperature range in which it can operate, and many other vital properties such as volatility, lubricity, and cleanliness.
Additives enhance the properties of the finished lubricants or impart new ones, such as improving stability at both high and low temperatures, modifying the flow properties, and reducing wear, friction, rust and corrosion.
The basestocks and additives work together, and when carefully selected and balanced, allow the finished oil to protect moving parts from wear, remove heat and dirt, prevent rust and corrosion, and improve energy efficiency. This is why Amsoil stands above others in terms of High quality long distance oil change intervals of up to 35,000 miles/one year.
No other oil company that I know of will recommend or suggest this!
I will agree with you on the fact that group III base oils, along with a robust additive package will have some attributes of a TRUE synthetic (PAO or Diester)
Defining the term "synthetic lubricant" is becoming more controversial these days, but in general it refers to a lubricant or grease whose basestock has been manufactured by
chemical synthesis or organic reaction, as opposed to being extracted or refined from naturally occurring oils.
It has only been since the late 90's when Mobil and Castrol wound up in a big dispute concerning the way "SYNTHETICS" were made, that allowed the group III oils to be called "SYNTHETICS".
True Group IV and Group IV synthetics represent a different approach altogether from conventional petroleum based oils in that their molecular structures are
custom designed and tailored to meet specific performance targets. You simply can't do that with a group III basestock.