Jeff, its not quite as simple as "a lower number is better" though TBH
If you go too thin on oil then when starting it can get past the rings etc which isnt great.
Generally on high mileage engines when tolerances start to increase from what they were new I like to use at least the thickness it was from new, if not go to the next grade thicker rather than thinner.
Its a f**king nightmare trying to judge if an oil is working well or not though as you'd need to test it over such a big mileage to know and its just not practical to do those sort of tests unless you are a car manufacturer. So I try to avoid giving advice on the subject as even though I know what oils I use and that they seem to work for me, its not scientific or conclusive enough to want to preach to others.
One thing that is massively important (stating the obvious here but its surprising how many people ignore it) is to change your oil very reguarly as it breaks down over time, I'd sooner have new oil of the wrong grade than old oil of the right grade.
If you are doing trackday driving in your car, the oil should be changed much more often than in normal use as the increased cylidner pressures result in more hot gasses getting into the crank case and breaking the oil down, not to mention extra carbon deposits etc.