I used some 15-40 in an old 305 I had, because I acquired it for free, it tore my cam and lifters up, quickly, and when I removed it, it was about as thin as water.
From previous discussions on here about this, the consensus was that the 15-40 has a much greater detergent content and it must have really cleaned out the passages and whatnot, sending all the engine crud through the system, eating everything while they were going.
I'm not a fan of that grade of oil, simply because of how thin it looks when you drop it from an engine, acts like water.
Now since this was already a high mileage 305, but with a new cam & lifters, it was decided to run Quaker State 20/50, after break-in of course.
Reason, from this persons (friend) long term automotive past, it was an opinion that that oil seemed to help keep lifters quieter. Honestly, after running it for awhile, i would tend to agree.
I would switch off from Quaker State and Havoline, both seemed to work good, although I would have to say when the engine was finally tore apart, there was significant sludge and dried up oil caked on everywhere.
After serious research, I have finally decided that ALL my engines now run a full synthetic oil, usually 10/30 winter 10/40 in the summer months.
I did do a full synthetic oil change on both parents vehicles, dads had over 130k, moms 4.3 had well over 155k, both running full synthetic Mobile One with Mobile One oil filters. You could almost instantly hear the difference in the noise the engine made after the switch.
a lot of people say, you'll get leaks doing that, non of ours leak at present and even though they are already high mileage engines, i can't see what changing to full synthetic could hurt, other than help keep the engine cleaner and maybe add a few more years to it's life.
Bottom line, to answer your question, if you don't care much about the engine and plan on replacing it real soon, I'd just run the el'cheapo crap from the parts store.
Depending on mileage and climate you drive it in, I always ran 20/50 in Phoenix summers, with the extreme heat, oils break down a bit quicker in that kind of heat.