Until the motor is stripped and the failure mode identified, you cant make that call.
Remember he's tracking his car, so this anecdote is not that useful as track work is much harder on the engine that street work.
You could make the same argument against having a wideband to monitor AFR and an oil pressure gauge, which for most people are a complete waste of time and will not make any difference. I like to think more about risk mitigation and cost benefit. Midrange oils like 8100 or Mobil 1 are pretty cheap, say $65 for 5 liters and have a decent HTHS. Since the OP is getting a rebuild there's more investment to protect, and IMO running a low end oil is false economy. For context, he'll spend about $1000 on petrol during the life of that $65 oil change.
However, I agree 300V is a wank on a street car (I shouldnt have mentioned it), as is 3000kms oil changes. If you've spent $25K on a race motor, its a different story.