I also run a high horsepower, high compression, high rpm SBC, with very high spring pressures, drag race engine. I turn 9200 rpm repeatedly every week with the engine only going as low as 8500 rpm between shifts. I have tried many different oils before settling with Amsoil. I got my information from many vigorous tests and then logging how everything came out after the same amount of passes. The valvetrain along with the rest of the engine looked the best when using the Amsoil. I cut down a lot of wear and extended the life of all the parts.
One of the major differences between the Brad Penn oil and Amsoil is the Brad Penn is a conventional mineral based oil whereas Amsoil is a full synthetic oil. What makes this a key part in how they are different is the viscosity index. A motor oil with a higher base oil viscosity index provides the very important benefit of improved flow when it is cold while maintaining oil film thickness at high temperatures. Conventional mineral base oils have a viscosity index in the range of 100. Full synthetic base oils typically have a viscosity index in the range of 150-200. Using full synthetic base oils that deliver a viscosity index approaching 200 is a game changer and here's why. Using a full synthetic high viscosity index based oil, you can now safely run 1 viscosity grade lower that you would using a conventional based mineral oil. You can now reduce start-up wear without sacrificing high temperature durability or oil pressure.
In my own experience I have had the conventional oils to include the Brad Penn oil break down under the temperatures seen even in drag racing and have lost oil pressure. Also the oil would only last maybe 20 passes at most. Now with the Amsoil synthetic racing oil I can go 50+ runs before even thinking about changing it. And even after that interval it still hasn't broken down and I can go further.
To me it doesn't make sense to put a lower grade oil in a $30,000 plus engine after what I have found. Pretty sure you are not going to save enough money to replace the engine. Also in most cases with being able to make more runs before changing the oil, you will actually save a lot of money over the so called cheaper oil.
Just for reference, under the Amsoil PC program, you can buy Amsoil Dominator Racing Oil for around 28% off the retail price of $12.75 mentioned above. When you run the numbers I think you'll find that Amsoil is not as expensive as most think. I am an Independent T-1 Certified Amsoil Dealer and can set you up with an account to get that price. Not sure what you pay for the Brad Penn, but I'm sure based on the info provided the Amsoil is a much better deal.