There is no magic in oil. A friend put a (high end) race motor on the dyno and broke it in, then made a bunch of pulls getting the tune right . They drained the oil again, dumped in the $13 a quart Royal Purple XPR and picked up almost 6 HP (this is at the 900HP range so represented only a very minor increase,, but) They thought WOW,, 'OIL' that is really magic!!! Made a few more pulls finalizing the tune. Then drained the R.P. XPR and put in another racing synthetic,,, Guess what,, no magic,, Same HP as with the RP,,

Just as the motor loosened up, and the rings sealed a tad better,, they made a few more HP.
your 84 has a flat tappet cam and very light spring pressures. But still suffers the same problem in todays oils not supporting this type of cam / lifter. You can use Brad Penn hotrod / breakin oil,, or put ZDDP supplements in at every oil change and just hope for the best.
More important than what brand of oil you use,, use a GOOD filter (reads: not FRAM) and change the oil 2 times a year (driven or not,, oil accumilates moisture) or 3000 miles. Make SURE the engine WARMS UP. I've never understood the mentality that thinks they turn the key, and the motor is ready to roar. Let the engine warm up before you go sticking your foot into the throttle. Besides, short trips that don't allow the engine and oil to come up to temp does not 'cook off' all of the contaminates / moisture vapor that accumilates in the crankcase.
So in short... Change the oil regularly, make sure the oil gets up to temp when yo drive the car,, keep a good additive in the oil to try and protect the cam/lifters,,, and roll the dice with whatever brand blows your skirt up.