Re: Hypoid oil??
cc67, I completely agree with you but will detail a recent experience I had with my Merc 115efi.
Ever since the first lower unit oil change at 100hours in 2004, I switched to Penzoil 80W90 gear oil and ran that brand for over 300 hours and three changeouts. At about 400 hours, on a whim, a decided to switch back to the Mercury high performance plus gear oil (the blue stuff). Somewhere between the 400 and 500 hour mark, a bushing above the water pump failed and allowed some saltwater in. I noticed this during the 500-hour lube change so I had it fixed and all is well, total repair bill was around $350.00 parts and labor.
I often pose the following question to myself: If that bushing failure had happened while running the non-emulsifier Penzoil in the lower unit, would I have been facing a much higher repair bill? I think the answer is yes, so no more budget lower unit lube for me.