First, let's look at how bearings work. They hydrodynamicaliy pump oil between the two bearing surfaces as they rotate. That's true for journal bearings, where the viscosity allows the oil to be pulled into the load bearing part of the journal. It's also true for ball and roller bearings. That covers all rolling outboard bearings.
Now, I don't know how the manufactures design bearings, but I think they know how to do so. Therefore, when they recommend a certain weight of oil for a certain temperature range, I think that's their best recommendation and I do my best to follow that. If it starts burning a significant amount of oil, that would be a sign that something is wearing out and should be fixed, such as the rings, valve guides, etc. The bearings still need the right kind of oil. So, if it recommends 10-30, 5-20, 10-40 that's the factory recommended viscosity, and they know way more about their engines than I want to. A thicker oil (higher viscosity) can starve bearings and a thinner oil may allow metal to metal contact in a bearing.
As for running temperatures for outboards, remember they're salt water cooled engines. Salt starts to precipitate out of sea water at about 180 degF, so the thermostats are set to open at a slightly lower temperature. That's the cooling water, not some metal far from the coolant, such as the outside of the head or exhaust manifold. On the other hand, the higher one can run a heat engine, the more efficient it is and car manufactures set the operating temperature as high as they can. Certainly over the boiling point of water. Therefore, in your car 240 degF might be normal since they use a mixture of water and a cooling fluid. Not raw salt water.
So: read the manual and use the motor oil the mfg recommends. This includes both the viscosity range and oil specification. And don't change the thermostat temperature rating. There's a reason for all of that.
And change the oil regularly; oil's cheap, engines aren't.
Boris