Except that it doesn't contain castor oil!
The choice of oil for a Mini will always be controversial, but it is safest to stick with a straight mineral oil, definitely not a synthetic. The main problem is that the gears chop up the long chain molecules in many oils, such as viscosity modifiers, so there is a danger of a 15W50 being degraded to a 15W15, which will be no good at all when the engine is hot. People have already raised the issue of seal compatibility, and you can, in theory, do something about that next time you build an engine, as seals of different materials are available, just probably not from your usual Mini supplier. Maybe a discussion for another day?
I know some misguided people on here (not seen in this thread so far, everyone has been sensible), and some who know what they are doing but are fully aware that their engine and transmission is going to need a rebuild very soon, will advocate using a cheap oil. However, in most normal circumstances that is a very bad idea indeed. Suppose, for the sake of argument, that you have a standard 998 A+ which has had regular oil changes, and has done 50k miles. It is not even half way through its possible lifespan, and if it was well made to begin with and you keep using good oil it will get to 120k to 150k, maybe even more. Put in cheap oil, and it may only see 70k to 80k, maybe even 100k, and that is a lot of life to waste. But if it is knocking, rattling and leaking and burning oil, the syncromesh is very weak, and the diff is developing play, and you only need to keep it going for a couple of months till you can afford a rebuilt unit, then you may as well save money and use cheap oil.
My preference in a good engine would be to use the special oil that Millers make for Minis and related models. That is because I know Millers from previous experience and have never used Morris or any other classic oil supplier. But the ORIGINAL Castrol GTX (it has changed) was also an excellent choice many years ago, and was easily obtainable. I understand that now it is semi-synthetic.
http://www.millersoi...sector=Classics