lead additives on old engines are ok but, the new oil has teflon and some have zink to aid in lubrication. HOWEVER, on a total rebuild, valve guides, valves, valve seats and piston rings, better to leave the additive in the store and go with the modern oil for lubrication.
Now I know there are a lot of "experts" here but, not only am I an automotive engine rebuilder, I also hold an FAA mechanics license and know a lot of information on small aircraft engines, over 35 years worth. The Continental, Licoming, Hurricanes and Super Hurricanes are one of my specialties.
Oil and Gas additives rarely do what they bost on the comercials and on their label! BEWARE! Gas Additives like Barryman's B-12 helps reduce H2O in the tank and burns clean. Lucas gas additive is a mixture of diesel and oil, also good for the tank but, does not mix with H2O well.
I use Lucas when rebuilding engines because it's thicker than 30 weight and thiner than 80-90 weight. It hold in place for bearings and rings till engine startup with 30 weight oil.
Other additives like STP, Slick 50 Bardahal's just to mention a few are thined COAL OIL and KEROSENE. other additives are VEGETABLE OIL and will not mix well with gas or oil (might as well pour synthetic oil) in the tank or crankcase.
as soon as I find some of my aircraft records I will have Pete post the entire contients in PDF which shows what I'm talking about.
I hope this helps and I know someone out there will arbitrate what I am saying, but the proof will be in the PDF when posted.
Mark