I don't think it's so much about engine life or wear. Regular oil changes are the key to long engine life in any application.
I'm an auto technician in my 9 to 5, so I get to see on a regular basis vehicles that should have had an oil change umpteen miles ago. Sometimes it ain't pretty. Sometimes there's loud noises involved. Sometimes a tow truck is needed.
But getting back to the subject, and I know this may just be a seat of the pants judgement, but the Valvoline oil really makes the shifting and clutch smooth. Maybe it has something to do with additives or unobtanium or sunspots or karma, but I can definitely notice a difference. I've used Honda oil vs the Valvoline in 3 other bikes, same results, better shifting and clutch.
Soapbox now put away.
Brad