I'm not saying that the synthetic is going to trap more contaminants, only that the contaminants are the reason for more frequent changes of synthetics, rather than the breakdown of the oil itself, as is the case with dino juice (conventional oils).
As for conventional oils doing well, I'd agree, in some cases. The 302 in my dad's '70 F100, which got its dino juice changed every 5,000 miles--and survived several years with me driving it as a teenager/young adult--was in excellent shape when he rebuilt it to go in his '65 Mustang. It had 120,000 miles on it, and it had been sitting for several years when he did that.
He actually has several vehicles with well over 100,000 miles on the clock, and put almost all of the miles on them himself. He's replaced various driveline parts, but he's never had an engine failure. Some run synthetics, some run dino juice, and some run blends, but they all get their oil changed at 5,000 miles.
On the other hand, a 1970 302 is a far cry from an '04 3.9l V8, so I think I'll stick with the Mobil1, thanks.