I'd like to chime in and also state that I put the dipstick up to max range and that is typically at least 8.5 quarts with a full filter.
Oil viscosity is related to rotor eccentricity.
Too much eccentricity and you have metal to metal contact. Too little eccentricity and you get high bearing temps and vibration problems (the kind you don't feel in your seat but will wreck a crank and bearings nonetheless).
This is all connected via the Sommerfeld relation:
Eccentricity term is on right hand side. Sommerfeld number is on left hand side.
u is viscosity, omega is rpm, W is load, L is bearing width, R is bearing radius, C is bearing clearance.
You can see there is an L^3/C^2 term here where eccentricity is suuuper sensitive to clearance and width. This isn't an issue in this discussion about viscosity.
What is left is viscosity, Load W, and RPM.
Through iterative approaches the following can be said.
Any term in Sommerfeld numerator that increases will
reduce eccentricity.
Any term in Sommerfeld denominator that increases will
increase eccentricity.
So...by only increasing rpm, the eccentricity is reduced. Therefore
reducing viscosity will counteract this and
induce eccentricity. So if your application is constant high rpm it would actually favor lower viscosity. Oil cooling will need to be tightly controlled to keep this situation under control.
Increasing load will increase eccentricity. Therefore increasing viscosity will counteract this and reduce the eccentricity. So if your application is for towing or accelerating uphill or a super heavy SUV, the load is high at every RPM. Therefore, this would favor higher viscosity to reduce eccentricity.
Worst case is obviously high loads and low rpms. This would give maximum eccentricity. The oil wedge reaction force against this is dependent on the viscosity.
This is a "use case" that is very typical of SUVs and trucks but also drag racing. So with high loads and low rpm the viscosity must be higher to keep eccentricity managed.
Downside to running viscosity too high (SAE 50+) in these situations is cold oil...therefore the mutli viscosity grades are helpful in giving a range of viscosities keep eccentricity from getting too low and causing vibration if there is extended low load, high rpm situations while oil is cold.