I've been running the cheapest API certified oil I could find. I think the last case was Exxon, bought at the local wholesale club for $10.99, or something. I think your rings needed a little time to seat and the compression will stay up until you wear it out, regardless of the oil you choose to run from now on. Lots of alky bracket guys swear by Royal Purple and it's marketed as being alcohol tolerant. I use a 180 thermostat to keep the nasty acids from forming in the first place...I've always used Childs & Albert ZGS rings, which are "ductile iron". My machinist hones the bores VERY smoothly and every time, the rings seated instantly. My heads are cut .040". The block is cut .050". Pistons are Wiseco custom flattops for a 4.005" bore. Comp. ratio is 12.2:1. Stock crank, stock rods bushed for the .927" floating pins.
What rockers are you using? I'm having consistent intake rocker breakage issues, usually during a money round. GB