I use M1 0w20 AFE in my Ram spec'd for an Xw20 oil.
The 4.0, however, was spec'd for an Xw30 and experientially (mine and many others well publicized on Jeep forums) does well on Xw40 HDEOs. No way would I use 0w20AFE in a 4.0. If you want a solid but thinner startup oil, M1 0w40, Rotella T6 5w40, or the rumored new T6 0w40 would be a better choice. But you don't really want to go too thin at operating temp on a 4.0
FWIW, both my 4.0's get Rotella T6 5w40 or M1 0w40.
And besides that, NOTHING you do will help the gas mileage of a 4.0 Jeep... that's another well-documented characteristic of the 4.0 :-/