Try a couple different oils, get Used Oil Analysis on each, and let that be your guide. To distill the reams of information on
www.BobIsTheOilGuy.com, Mobil 1 tends to show more iron in UOA's in most applications, as compared to other oils. Jeep engines tend to show high iron regardless of what oil you use. Therefore, plain Mobil 1 in a Jeep 4-banger or straight 6 is probably not a good match. If I were to use Mobil 1 in a Jeep I would use High Mileage Mobil 1 even if the Jeep did not have high mileage.
Older engines with flat tappet lifters (non-roller) like oil with more zinc and SL and SM rated oils have less zinc so as not to contaminate the cats if the engine burns oil. You can either use a zinc (ZDDP) additive or use a diesel-rated oil like Shell Rotella. Most high mileage oils have a little more zinc (ZDDP) in them too. I have Rotella T-5 10w-30 in the Jeep now and it seems to be using oil at a faster rate although it doesn't smoke. It is likely that the higher detergents in the diesel oil cleaned the ring packs and more oil is getting by, but then it has over 150k on it too. I will get a UOA soon, however that may be next-to-useless information because over the course of 3000 miles I will have added 4 quarts of oil to an engine that holds 4 quarts to begin with. Next oil change I will put in Valvoline Max Life 10w-30, get a UOA, and see which oil the Jeep likes better. Hopefully it will use less oil with the Max Life, that worked on my mother's Cadillac which does not have high miles on it. Early Caddy Northstars are notorious oil burners.
In all of my family's vehicles where I have tested and compared different oils, Pennzoil Platinum always showed the lowest wear metals in the oil. Not that Mobil 1 was bad, just that Pennzoil Platinum was better. Also it costs a little bit less. I'm just sayin'....
Used Oil Analysis is the only way to know for sure. Anything else is just speculation. www.blackstone-labs.com , costs $25.
Gear lube I use either Mobil 1 if I'm doing it myself or Valvoline if I'm being lazy and going to the the Valvoline Qwicky Lube. Mobil 1 ATF in the t-case.