I don't claim to FACTUALLY know the answer to your question...but, I didn't think a varnish-color was neccessarily a bad thing. Now, if you can scrape that varnish off, or if it is flaking in any way, then, yes, that's a bad condition. But, the "no wear" on bores and pistons seems like it did a good job lubricating. I guess the varnish is related to something other than lubrication, such as contaminate removal or suspension, or something else.
The other comment I'd make is, I can't imagine going 5K miles on oil in an air-cooled V-twin. Maybe on a watercooled engine without a shared transmission sump (at least the FB has a separate transmission), but 5K seems really "out there" to me in this application.
I wonder what someone with a non-synthetic would have seen in the same conditions...maybe lots more than some (perhaps only cosmetic) varnish?
I run Delo 15-40 in my V-twin, which is watercooled with a shared transmission sump, and plan on changing it at 2500 miles, unless I detect a change in shift quality...then it would come out sooner. At 7.00 US for 5 quarts, it seems like a prudent thing. I should get an UOA to back this up, because maybe it could go longer than 2500 miles...