According to the 1986 Olds factory Service manual, 5W30 is the preferred viscosity, with 10W30 suitable for use at temps over 0 degrees F. If it's a year-round driver, I'd run 5W30 in below freezing temps, 10W30 the rest of the year. I use only 10W30 in my Camino 305, but it's parked and garaged all winter.
Bill