For the loads a boat engine is under, oil formulated for diesel engines is more apt than for petrol engines. Which is what Rotella is... I used to run Vanellus C6 Global, until BP stopped making it.

I now run Mobil Delvac MX 15W-40, in both my boat and my car (Landcruiser 100 with a turbo-charged GM Optimizer 6.5

)...
Bottom line.... As long as the oil meets the viscosity and standard set by the book (the GENUINE Mercruiser manual for YOUR engine) then you run that oil without having to worry about it...
The 1984 manual for your engine calls out various viscosities depending on air temperature. But if you're running above freezing, use 20W-40 'SE' or 'SF' rated oil.... As you would be very hard pressed to find an SE or SF oil these days, the latest manual for a 3 litre engine (which is exactly the same as yours) calls out any MINERAL oil 25W-40, 20W-40 or 20W-50, SH... So yeah, any reasonable oil meeting those specs will do you just fine.... (I think API are up to SN for petrol engine oils now???)
Merc specifically recommends AGAINST using synthetics. Please don't argue with me on this. I have no idea why they say that, and I'm only quoting from the manual, I didn't write the manual or have any hand in that direction, so please don't shoot the messenger!
Ok, just re-read your post and I think I know where you're coming from...
... Like auto engines runs thinner velocity oils. .... What do you run in your 3.0 and if you know why run a thicker velocity oil?
Modern car engines run very 'thin' oils, like 0W30. Most of that is because modern engines are running much tighter tolerances than your 1950's design engine. Running 'thick' oil in a new car will starve most components of oil due to it being just too thick to run through the smaller clearances properly...
Chris.......