Lubricants have changed dramatically (improved) since the tech manuals came out. There seems to be a debate between the originaly recommended lubes and more modern ones. I have 10W-30 non-synthetic in my engine and an 80 or 90 weight gear oil in the transmission, be cause that is what was in it when I bought it. I'm debating switching to synthetics when I rebuild the transmission and change the oil in the engine. What I'm thinking of is
Amsoil Z Rod 10W-30 (something specially formulated for classic vehicles - includes a heavy dose of zinc) and
Amsoil SAE 50 Long-life Synthetic Transmission Oil (supposedly works much better in colder conditions, while still providing superior lubrication at warmer temps). I've still not decided if I will go this way, but leaning strongly toward it.
Part of the debate centers around sticking with the original specified fluids vs taking advantage of modern improvements in lube technology. Another point of contention is that "synthetic lubes cause seals to leak" (supposedly). THere are two factors to this rumor: (1) gunk builds up around the seals over time, actually heping the seal to do its job, and (2) synthetic lubes shrink seals, or at least fail to cause them to swell the way non-sythetics do. In response to #1, I'll be making the switch after a transmission rebuild. There will be no "gunk". If it leaks from the start, I guess I've doen a poor job on the rebuild. As far as #2: it's true that early synthetics had this problem a bit - they did not swell the seals the way traditional lubes did. However, the spec for modern synthetics requires that they include seal conditioner additives.
Some people have had very good luck using synthetics, some swear they are a problem. If I end up going that way, I guess I'll find out for myself. If I do make the swap, I'll try to remember to share my experience here. I'd love to hear from folks who have actually tried both.