If you are already starting off with less headroom, then shear can/may/might make a big difference to the outcome
If you are running the spec' M1 0W-40 (HTHSV 3.85cP) in your Porsche or Mercedes, you're starting out with plenty of "headroom".
Going with the slightly lighter DT40 5W-40 (HTHSV 3.82cP) that's potentially more shear resistant is really second guessing the OEMs in terms of adequate viscosity retention in service.
Porsche states that oil shear has to exceed 18% before the oil is condemned and that applies to the lightest oils on the A40 list (HTHSVs as low as 3.6cP).
You're really down to splitting hairs when you take a .03 cP difference in HTHS and try to convince someone that it's going to have a material effect on engine life. If two oils are that close in HTHS, I would look at secondary considerations such as shear stability to make my decision about which oil to buy. I would pick the one that would be more likely to maintain its original viscosity.