People have widely differing opinions about oil, like most things. I have been going down the road for a long time, so my opinions have been forming since the time oil technology was very different than now.
That said, I also have the benefit of long experience changing oil for many years and in various automobiles. Even when the car is not very expensive, major engine repairs can be expensive and inconvenient, not to mention that feeling you have when you know your engine could and should have a cleaner 'bloodstream', or becomes a 'smoker', or makes various 'worn out engine' noises. Once the inside of your engine gets the dirty, gunky appearance resulting from oil left in past its prime, there is really no easy remedy. Engine flushes may loosen up the softest sludge, but do they remove those dark, hard deposits, or even the stuff coating the underside of your valve covers?
I have long doubled the frequency of oil changes recommended by the manufacturer. I have seen oil that was left in 5,000 to 7,500 miles, and the tarlike appearance and combustion smell are enough to reinforce my determination to keep to the 3,750 mile standard, to get that mess out of my precision crafted performance engine. Sure, the dark appearance and smell means that the oil is holding a lot of contaminants in suspension. Why not make sure it isn't going to be pushed beyond a prudent limit, where it just can't absorb those contaminants as easily as the oil companies would have you believe? Clean oil is cheap insurance against catastrophic failure or slowly degrading performance, and our NSX's high-revving, high compression engine is a real torture test for oil.
I have an '88 Integra with 270,000 happy miles on the odometer, and I have always performed the oil changes on a strict 3,750 mile basis. This car does not require any oil to be added between changes. It never goes more than halfway between the 'Full' and 'Add' marks, and what inside engine places I have seen only look a clear tan color, it has never needed any engine repair, and it still sounds about like it did long ago, all the while still acting too young to smoke.
There was an article in 'Consumer Reports' some years back, where they tested oil in a taxi fleet, and refuted the results of an earlier test, which had found obvious differences between brands of oil. They also said the recommended oil change interval was satisfactory. I believe the test was flawed in several ways. Firstly, they were not looking to keep their engines in 'like new' condition, so some wear was acceptable, but not for those of us looking for years of peak high performance. Secondly, the taxis were not subject to the usual overnight, or possibly much longer, periods of sitting, but were always being driven, generally at slow speeds. Therefore, their engines rarely even cooled down. As we have been told many times, an engine receives most of its wear during the first five minutes of driving, while the engine is cold. I am always careful to put a minute or so of idling upon cold startup, followed by a mile or so of gentle driving, until the temperature is normal.
I subscribe to 'Cars and Parts' magazine. The technical column, 'Tool Bag' had an oil discussion a few months back. The writer's personal opinion about oil was based on the additives. He stated that he was unaware of any additive that was not depleted by 3,900 miles. Of course, most of the cars he writes about are lower compression, looser tolerance, lower-revving engines than we have now, so they are easier on oil. I do not use synthetic oil as of yet, but the additive reference might have at least a proportionate relationship.
Yes, oil has changed in the last 50 years. In the 60's, I was changing oil at roughly 1,000 to 1,500 miles. Now it has gone to 5 or 7 times that long. My faith factor has not increased by that much, so I'll stick to the 3,750 mile interval for the forseeable future.
JMHO,
Bill