Hi,
Shannow - I have often provided the history of 20W-50 on here. It was especially developed in 1958-9 for the Austin-Morris Mini. It had a specific purpose - to enable permanent shear with OCIs of around 1k to 1.5K miles - and to stop leaks
The A series engines in other vehicles handled the 20W-20, 20W-30 and 10w30 very well
In the Minis the 20W-50 viscosity introduced serious technical issues during cold weather!
20W-50 quickly became the "fix-it" viscosity at a time when lubricants were quite unsophisticated compared to today
I also agree that we tend to forget the importance of the HTHS viscosity over-all when we compare "thick" and "thin" viscosities