First of all, from an oil and lubrication standpoint, the question I ask is this..... Has the engine already been rebuilt, or are you in the process of it. In other words, if it is already built and running, I would assume that the builder used some kind of break-in lubricant applied to the cam. If you are in the process of building it, or having it built by a professional, then cam lube and assembly lube is an absolute must.
Secondly, you might have read back and seen that the newer automotive oils which are api rated "sm" have a much lower phosphorous and zinc content than the previous grade, which is api rated "sl." those additives are deemed poisonous by the epa to catalytic converters, and thus they forced the industry to lower them by as much as 1/2 of what they were with the sl rating. Unfortunately, zinc is the main anti-wear additive, and reducing it has seen many failures in older, pre 2007 engines, especially in historic, vintage, flat-tappet cam and high performance engines.
There are not too many oil manufacturers still producing the sl grade and it might be hard to find on the shelf at your local auto supply store. Several companies, including swepco are producing sl, they will mostly be specialty-type blenders, or ones that recommend their products for high-performance engines. Some of them do not recommend those oils for street use.
The swepco 306 engine oil is a highly additized, friction modified oil and can be used from the very beginning right after your engine is built. It is an sl rated oil. You do not need to add anything to it as the additive package is synergistically designed to provide full protection for the engine.
Ihon stocks this in the 10w30, 15w40 and 20w50 weights, so depending on your engine builders recommendation, one of those should be a good choice for you. A ton of IH owners have switched over to the 306 and are very happy with the results they are getting.
Another product which many engine builders are using is the swepco 502 oil improver. They use this with other brands of oil, especially during the break-in period, but if you use the off the shelf "sm" grade, the recommendation is to add a pint of the 502 to every oil change (up to 5 quarts) each time you drop the oil.
Keep in mind that this is a premium quality product And as such it will mean spending a little more for it up front, but as with a lot of other things this quote would apply:
never, never, never forget that price involves a great deal more than money"
The product profiles on thes products are attached.