I have to wonder about "racing oils" that may not contain typical levels of detergents, anti corrosive and acid combating additives for typical uses.
Camguard, a product marketed for aviation use (and other uses) is designed to reduce corrosion in aircraft engines. From my experience, it does fully eliminate the cylinder pitting corrosion I was seeing in my fleet. I mention this, because a properly engineered oil contains additives necessary to combat all sorts of common and long term issues. (piston aircraft oils are not similar to modern automotive oils and don't benefit from the advances we see in modern oils, mostly due to aviation's specific needs)
The oils I like for generator use are Mobil 1, 15W-50 (a robust oil with a slightly better than normal add pack) for "Florida" type use, after hurricanes during very hot and humid weather. Hard working generators will be asked to heat water (4500W load) and run air conditioners. That's tough on them. And, I like Mobil 1, 5W-40 Turbo Diesel Truck, it has a robust additive package, plenty of ZDDP and being a 5W synthetic, performs well in cool temperatures. However, after putting some in my -10F freezer, it's thick at that temp. So, if you need good flow at extremely low temps, something designed for that will be necessary.
Also, Rotella T6 seems to work out very well for everyone who uses it. Since I can't find T6 any cheaper than the M1 I listed, I don't purchase it.