Over the years, with experience ( some of it expensive LOL)-and research, the more oil is better is certainly valid. The point which it stops is when it starts to cause issues on a large bore piston port. The fact remains that more oil in the mix becomes more viscous, so IME a large bore piston port engine is already at risk when chopping the throttle-say entering a turn. For those of us less talented than experts, we have a tough time keeping a few more revs while still slowing the momentum of a large bore piston port 2T single. I had always ran 32:1 until running my 77 AW440. After using some synthetics I went back to castor ( blendzall green label in US, I think R30 is equal) at 40:1.
I have watched a few older bike owners -and noticed they run a 20:1 in small bores , 32:1 in 250s (two-fiddys?) and 40:1 to 50:1 in big bores. I am talking air cooled here only. For the water pumpers, I have ran 32:1 with either a mineral ( Kawasaki brand 2t oil) or castor and no problems. I have seen only one oil make more dyno power over others at same ratio etc of any signifigance-and that was an increase with castor. Castor, though is a PITA, need to use it quick, keep it agitated and will still separate at lower temps-particularly with fuels having spec gravity lower than about .725-and that is almost all of the decent leaded race fuels available in the US. So, you get to add a "booster" which keeps the castor mixed.
Even then, I use up the leftover mix in the mower or weedeater . -and yes, it costs more $, but IMO less than new parts.
For any big bore non reed Maico, Husky, or modded Bultaco, Monty, or CZed this has been worth the trouble( as all of these typically run hot, having high cranking pressures, and /or inadeqaute cooling-especially the Maicos). For the rest, a mineral oil or good synthetic works fine( think of stock CZed, Monty, Bul, Kx400,
KTM 400, and most all 250s). Experiencing this, to me makes a decent case for reed conversions in classes allowed-and where not to run conservative porting and timing on the piston ports. After all, are most big bore air cooled bikes really slow?