Do you really, really care about your engine?? Do you really, really want it to last a long time?? Do you really, really want it to stay as clean as possible internally?? Do you really want to just do everything possible to avoid the dreaded Hemi Tick? If yes to any or all of those questions, you will buy the BEST oil and filter you can get! Spending too much time deciding takes time and is wasting money (time is money)!! Just get the BEST and stop thinking about the extra $4 or $5 per quart - consider your cool truck as your hobby!! People spend THOUSANDS of dollars on their hobbies without thinking too much. (SEVEN qts by the way on the 5.7 hemi) Do you really need the BEST?? Who knows, it's like insurance. You'll sleep better at night though, knowing that you bought the BEST, not the cheapest and if your engine runs smooth now, it should keep running smooth.
Anyways, my answer is Red Line 5w20 (or 5w30 if you want to be on the wild side!!) - I personally lean towards the 5w30, but I'm now in a warm climate year-round (and I am kind of wild). Just to be clear and fair, the User Manual for the last several years does specify 5w20 - but it's mainly for mpg/efficiency.
Oh yes, for filter, Fram Ultra or Royal Purple seem to be in the "Best Oil Filter for 5.7L Hemi" category.
So, done deal, stop wasting time thinking about oil and filters, enjoy life and your truck!
Or you can also read a gazillion (okay, a little exaggerated) pages of oil threads, and still not be sure what to use.
John
PS - Even though this might sound like an advertisement, it's not, it's just my excited opinion!!