I understand this, and as stated I have speculated I had "sheard" PYB5w30SM in an impromptu street race into a 'water' consistency. As you see in my sig, I'm running M1 HM 10w30 wuth a 3.7 HTHS in the Toyota this Summer as an experiment.
The leap can still not be made that in operation the sump oil will heat to near 150C and be sheared to the mid 3 cSt range in Joe Commoner's Chevy Malibu 3.1 V6. The HTHS spec vis is not the typ sump vis.
To more thoroughly examine engine shearing, You would have to design a fixture to collect the oil leaving the rod/main bearings and/or spilling off cambox drain back, then in a timely manner assess the fluid temp and viscosity. This hard to accomplish given the instrumantation may heat or cool the fluid to way off initial (operational) temp.
Are not the bearings receiving a partially sheared and heated oil (oil pump shear, oiling oriface shear) then in microseconds the bearings/piston skirts/cams lobes are subjecting the fluid to elevated shear and/or temps, then the oil drains back and cools in the sump and (partailly or fully) regains its normal (reduced) operational temp and viscosity (90-110C / 9 - 11cSt) ready for another nasty go-round.
In sum, The cycle:
Cool-thicken > Moderate shear-Heat > High shear-High Heat > Cool-thicken.
The instantaneous viscosity will be different at any of the stages and the sump viscosity is the only one easily obtained.