@Vladimir2306 your vehicle was involved in the recall and GM had specifically made a recommendation to move to 0W-40 on those set of engines, and your engine failure here is just too much of a coincidence to look past unfortunately. P0016 was found apparently on a subset of engines, not all.
My guess on what happened
1) as the bearings got hot, the engine started loading up and the speed went down without you pressing the brakes
2) your cruise control thought you were climbing a hill and downshifted to increase engine RPM
3) which caused the engine heat up and load up more
4) back to 2)
I do think the cruise control downshifting the trans to keep the speed was probably what really just a reaction/effect, but the root cause was likely the bearings overheating and causing the engine to come to a halt....
Having said that, you have skilled mechanics at your disposal, so seem to be in good hands now. You should follow your engine rebuilders guidance on oil viscosity from now as they are your warranty.
Keep your receipts who knows maybe you can pursue GM for expenses and recover the money since the recall is in effect.