No particular reason why I'm not running a 0W-40. I just felt 5W is thin enough as we don't get that cold here. Also I wanted to try the thinner hot rating.
In fact the Edge Sports 0W-40 is a true group IV synthetic, whereas the 5W-30 is a group III ultra refined. I'd summise that if running high RPM, hot weather, turbo engine, then the 0W-40 is probably ideal. (Kieran this might answer your question). My NA engine does not have as critical a need for an oil to handle such high temps. It has only done 65,000Kms too.
Notably I found it hard to crack 110degC even in the midst of Summer. Dino oil doesn't start to oxidise until about 115 so I don't have any great need to use a group IV oil.
Something which may be suitable for all year round is the Valvoline Synpower 5W-40. I have not been able to confirm if it is a Group III or IV, or mix of both. It's only $60 for 4L. If it is a 100% group IV I think I've found my new oil.

