It you go back several decades, I suspect that once upon a time, the difference between monograde and multigrade was very pronounced and that difference was the presence or absence of VII.
Nowerdays however, the distinction has become much more blurred. The widespread availability of high VI base oils, particularly PAOs, mean it's easy to make a VII-free oil that complies with multigrade requirements.
Also, as people have realised you don't need high KV100 to avoid wear, there has been a natural 'narrowing' of viscosity grades which can push you in the direction of VII-free multigrades. I don't know for sure but I suspect that the Ravenol OW16 oil is likely to contain no VII.
It's also worth pointing out that even a VII-free oil, still contains stuff that acts as VII. Polymethacrylate PPDs are natural VIIs and high molecular weight ashless dispersants also act like VIIs (albeit not very good ones).
The only area where the distinction really still matters is marine lubricants. Traditionally you would make heavy monogrades with heavy Bright Stock. However as the industry has moved away from traditional Group I manufacture, [censored] has become both expensive and short in supply. I have heard a couple of rumours of people substituting VII for [censored] in marine lubricants and things ending in tears because VII gums up the works.
My personal opinion is that any move to no, or low, VII multigrade oils is a good thing. Most formulators learn very quickly that VIIs are The Spawn Of [censored] and the root of all things evil. I for one will not mourn their passing!