I can't believe after 20 years of this oil brouhaha, people still are still wondering what oils to use. All oils made today are backwards compatible to be used in all engines. Its just that simple. Now, if you don't want to believe it, fine. Put in the oil that the manufacturers do now. They warranty their engines for 100,000 miles! They are not in the business of losing money on warranty claims so its a safe bet that the oil they use, especially if you have a roller cam, will suffice for your 3,000-5,000 mile cruiser. You don't want to do that because you have a flat cam and you just don't believe today's oils are backward compatible enough, pay the price for the Brad Penn, Gibbs, Amsoil, Royal Purple, or Mobil One oils. The solutions are out there and they are well known. Now people have to stop wringing their hands over it, trying to be smarter than everybody else and mixing their own concoctions, and use the oils listed.
Millions of camshafts are produced every year, do people think that every one of them is going to be manufactured correctly, especially out of what is becoming more questionable material these days. Simple statistics say a bad camshaft is going to happen to somebody. How many engines spin a bearing? Throw a rod? Overheat and crack a head? Camshafts are a wear item and aside from the occasional statistical flyer, I believe most cam failures are caused by improper break in procedures. Said it before and I'll say it again, you're putting in a new camshaft, pay the $60 bucks and order it nitrided. Cheap insurance.
As to oil filters, a study was done over 20 years ago by a fellow who cut them apart, detailed how they were constructed, what they flowed, how many pleats were in the filter element, what the element was made of, etc.
Long story short, use Wix or Napa Gold and Silver filters. Wix makes the Napa Gold and Silver filters. Readily available anywhere across the country. Fram was the worst filter you could put on your engine. Google "oil filter test" or search for it on Hotrodders Bulletin Board.