Both oils are fine.
Hot OP around 5psi isn’t all that unusual. The OEM OP switch triggers at 7psi and it’s not unusual for that to trigger at idle coming off of the track.
Our gauges aren’t lab instruments either. 3-5psi could really be 5-7psi, which is less worrisome. I’d orient on pressure at redline. As long as hot oil at redline is >45psi with xW50, you’re probably ok. 40-45psi, start planning for your bearing work. <30psi pull off before you throw a rod.
Usually it’s the rod bearings that go first. As a short cut you can drop your oil pan and replace the rod bearings one at a time from underneath. With some luck the shortcut will turn out ok and all it will cost you is $200 worth of bearings and rod bolts.
There’s no easy way to do the main bearings. The motor has to be completely disassembled. You could do the rod bearings in an evening, and if later you decided that the issue wasn’t solved, pull the engine and do the main bearings too.
Be vigilant for unexplained ticking noises that might be a rod bearing going w/o low OP giving you a warning.