volvite wrote:I'm using the 0W-30. It's supposed to help with MPGs, so it can't hurt. I don't think it is, but it's the same price as the 5W-30.
Running water would also help with mpg. And it wouldn't hurt at first

It's "probably" okay (particularly since it's the cold weather rating) but here's some stuff to think about.
Most wear surfaces, particularly journal bearings, are designed hand in hand with the chosen lubricant, almost entirely for viscosity. We crunch a bunch of factors to come up with things like the Sommerfeld number and use Raymondi-Boyd charts to design the bearing as well as identify a range of viscosities acceptable.
At one end will be minimum viscosity, which comes with minimum bearing drag and minimum heat produced in the bearing. But it also comes with maximum bearing eccentricity with the thinner fluid wedge (offset distance of the center of the shaft from the center of the journal) and maximum wear. At the other end is maximum viscosity, which comes with max bearing drag from working the fluid, but also maximum protection.
It's likely that the manufacturer specified an oil range in between the minimum and max. But you don't know why they did what they did so it's hard to make an educated guess as to what's a good or bad idea. But generally erring on the minimum viscosity side is probably not good. Here's why.
Most auto manufacturers will kill for a tenth of a mpg higher CAFE scores. One place you can get that is out of oil viscosity. For a while they were allowed within the rules to deliver the vehicle with a lower viscosity oil while specifying a higher viscosity oil. So the vehicles tested would get the tiny benefit while the end user would eventually replace the oil with something the engine was really intended to use.
Sometime in the last ten years or so they changed the rules, so the specified oil must match the delivered oil. So a lot of manufacturers simply lowered the viscosity specified for the vehicle, rather than take the hit on the CAFE number.
Did they go back and redesign engines across the board? Of course not...that would also reduce their CAFE scoring. So they chose mpg over engine longetivity for you.
Our 4.0L was released after that period of time, so it's not likely they fudged that way. But I guarantee you they are squeezing what they can out of viscosity among other things to get the highest score possible, which means the OEM spec in your manual is already on the low side of the Raymondi-Boyd curve.
Most of us won't keep our vehicles long enough to see the end of the engine's life span. However...no reason to bring it about sooner rather than later...