Re: Conventional or Synthetic Oil
Synthetic vs conventional, hard to say because of the age of that engine, a 96 is now 12 years old and you could get leaks by switching to syn...Volvo's recommendation in that time period was similar to OMC's, straight 30 weight. I have had good results using Chevron Delo 400 straight 30 weight, you could also use Shell Rotella T in the same weight, or the Pennzoil Marine straight 30.
I don't think a conventional multi vis is a good idea in a marine engine, in fact if you go on Volvo's website and look up the recommendations for your engine they recommend not using multi-vis oils and to use the straight 30.
They do recommend multi vis for their newest engines, but being that they syn oils, there is not the same issue with the VI improvers that can cause trouble with conventional oils.