Have you honestly never heard anybody complain about M1s propensity toward shearing? Has M1 ever had ZERO impact on valve train noise in any engine you've ever used it in?
To me, if it can't maintain viscosity it's not good enough.
Also, if it increases noise, it's not good enough.
Redline is far superior in both of these aspects, not to mention fm/aw/ep/hths/quieter.
Sure, there may be lubes whose objective performance falls below that of M1, but the price point usually indicates this will be the case.
For them to charge as much as they do, for a product that is as mediocre as it is, puts it firmly in to the "worst oil" category.