You are normally better using cheaper oil (to the correct spec) and replacing more often than expensive and changing less often…
Depends on where you put the cut off between cheaper/expensive. Certainly, the case that a fully synthetic oil is more stable with use, semi-synthetic and mineral less so in that order. But then I wouldn’t put mineral oil in a modern engine at all, and I don’t see the point in replacing syntetic oil every 5,000 miles like some people, it simply doesn’t degrade in that timescale like mineral oil did.
Also, modern engines a just better built than when a lot of the advice was relevant. An old BL B-series might last 100,000 between complete rebuilds if you gave it that sort of TLC. I wouldn’t be surprised if an average Ford Fiesta (not the turbo eco-boost ones maybe) could do that mileage with just keeping the oil topped up.
Having said that I just bought 25l of Morris oil from my local Ford dealer for £47 and change it annually if I’m doing less than the 12k milage intervals or every 6 months if I’m doing substantially more otherwise I’d lose track, so I probably do average quite a bit less than the recommended intervals.