0-20 and 0-40 flow the same on cold start up, as the 0 is the cold viscosity. Engines are designed for certain weight oils based mainly on their bearing clearances which maintain their oil pressure. If the engine has good oil pressure, using thicker oil doesn't equate to better lubrication if both oils have the same pressure additive packages. It can actually lower engine performance and if the oil pump ends up bypassing more oil because of this thicker oil, causing higher oils temps. Given most race engines also use these lighter weight oils today, I don't believe this is some sort of Government conspiracy. I do think you need to use higher quality oils in engines that run light weight oils.
"It goes without saying that if the engine clearances are appropriate for a 60wt, you probably shouldn’t use a 5W-20. The opposite is true in that if you have an engine designed for an XW-20, you shouldn’t run a 60wt. Aside from creating excess drag, the 60wt will likely be too thick to get where it needs to go, resulting in oil starvation and ultimately failure."
Why the Heavy Weights of Drag Racing Choose Light Weight Oils - Engine Builder Magazine