I am talking Pre-unit here, I use a Penrite 20-50, I think the friction modifier fear is probably a bit misplaced these days, they don't seem to have the same sorts of modifiers now as they used to have.
Also not sure that a thick oil would be that bad in the chaincases, there shouldn't be that much in there. I also have a Velocette that vents a lot of oil out the main bearing into the chaincases, so much so that I drain the oil from the chaincases before each ride, it is run on Penrite 40-70 and I haven't had any problems with the clutch slipping.