When it 'breaks down' it can thicken, not thin.
Oils generally shear to a thinner viscosity, then thicken, if they are left in there.
240 F is not unreasonable, but it IS warm!
Do you know that you can lower you oil temps about 20 deg F by using a thinner oil? It has less internal drag and friction, and less of a boundary layer insulating parts.
Do you really need that heavy stuff in there?