Closing the loop here. M1 15w50 gets a pass...for at least one track day and some street driving anyway.
Last UOA had the M1 15w50 looking more like a 0w20 after 3k miles, one track day, and a strenuous dyno tuning session.
I was about ready to write off this oil and begin looking at better alternatives, albeit with a price tag 2.5x times higher. Before doing so, i wanted to do another UOA, this time the only use being driving to the track, at the track, and back home.
I was pleased to see that it held up just fine. Good thing, because i've still got another 10 qts of this stuff on the shelf, and i'm happy to continue paying $5/qt for decent performance and detergent/zinc/phos levels.