I'll try and find the oil article that Hib wrote for the site here. He goes into a full dissection of oil. He also answers the question of "what's the difference".
Until I find it, what's the diff between regular and high mileage? According to what I recall from Hib's article, it's the amount of "something" (I want to say magnesium, but I know that's not correct). Essentially, the more ILSAC ratings the oil has, the LESS amount of this "something" is in the oil. Less of whatever "it" is is better for emissions, but not as good for high mileage engines. I buy Mobil-1 full synth with the least amount of certifications because I want the most protection for my engine and not the air around me.
Let me find that article and I'll update this post.
PS - when comparing different oils from the same mfg, look for the certifications. Example, if Mobil-1 has a "high mileage" oil and a "truck" oil, but have the same certs (and likely same cap color), it's most likely the exact same oil marketed differently. (Like all the flavors of Excederin. With the exception of Excedrin Nighttime, they are all the exact same ingredients & quantities of)
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EDIT1: Here's the article.
CLICK!
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EDIT2: Refer to page 3 here (
CLICK!) The "something" that I referred to is phosphorus. And the more ratings/certifications the oil has, the less phosphorous content in the oil. More phosphorus = better oil for preventing engine wear = not so good if you care about emissions