Oh yeah pair that filter with the recommended oil weight for the 5.7 and your motor should be nice and happy.
NOTE: Mopar SAE 5W-30 engine oil approved to FCA Material Standard MS-6395 may be used when SAE 5W-20 engine oil meeting MS-6395 is not available.
NOTE: For 2500/3500 trucks with a 5.7L engine operating under a gross combined weight rating of 14,000 lbs (6 350 kg) or greater, SAE 5W-30 meeting FCA Material Standard MS-6395 engine oil is recommended for all operating temperatures."
Engine Oil Viscosity (SAE Grade) — 6.4L Engine
Use MOPAR SAE 0W-40 engine oil approved to FCA Material Standard MS-12633 such as Pennzoil Ultra equivalent is recommended for all operating tempera- tures.
So for a hard working motor they spec out 5w30 oil, and one that has higher moly and zinc than some other oils like Pennzoi .
I see they like a even heavier oil for the harder working 6.4 Hemi, its also using the same msd lifters as the 5.7 Hemi does.