Initial mineral oil for breaking-in a total rebuild engine should be:
1) 20 - 25 minutes (engine break-in, and perhaps some initial tuning to get the engine to idle)
2) Change oil with fresh mineral oil, and continue using it for approximately 500 miles (those are easy miles too. Don't take it to the track or get on it too much. Keep it below 4,000 rpm).
3) After 500 miles, switch to synthetic.
I know that a lot of us here do not agree on the benefits of synthetic oil versus mineral oil, and I can only tell you what my experience has been with my motors, and my L81 block only needed a +0.020" boring. The crank was immaculate. All the original components except pistons were reused. I find synthetic oil more forgiving than mineral oil. When in college, I changed the oil every 8k miles (at 5 dollars a quart, I could only manage oil changes with that spread in between). All in all, my faith in synthetic oil is anecdotal at best, though -I have no facts to show for it. Just educated guesses. Aircraft engines have used synthetic oil since before I started working on them.
GerryLP:cool