Davie - From what I have read that Shell Multi is a good oil and was developed especially for aircraft engines, air cooled, high temperature operations. Lots of plane owners on the Lycoming discussion groups have reported the same thing happened. Temperatures for normal operation dropped 10 to 30 degrees. It is supposed to be good stuff, but you are the first airboater I have heard that is running it.
Another thing they post is that after breaking in with mineral oil for about 50 hours, switch to the shell multi grade, and it seems to set the rings alittle better as consumption almost stops. Then lots of them are switching to the 50 ashless because of the cost.
I have looked at it but have not found it that cheap over here. I change oil every 25 hours of running cross country and that multi grade was near $4.25 a quart last time I checked. Standard 50W is $2.95. I am cheap, so guess what I use.
I was always concerned that running hard with high CHT and oil temps at near max for extended periods, what those non aircraft oils would do.