It’s Garbage... as for the bearings, it’s hard to say why they spun without looking at them and the cap / block / crank.
if you want a good friction reducer, use Justice Brothers Heavy Duty Vehicle.
Penn Grade oil for classics or Red Line for synthetic.
I don’t get why it how guys can put thousands into a motor, or 10’s of thousands into a new car and go super cheap with the oil. Know what makes them last? Changing the damn oil and doing the services. Sometimes being a cheap bastard, will cost you more in the long run....