That's a good idea, I wish all of these hem's were turbo's. It's also nice because you don't have the same worries as modern turbo's that are direct injection. So the oil you pick for the hemi application would be vastly different imo.
I'd look for low noack and an oil that also doesn't shear, so yeah 5w30 redline fits the bill. Since you are in canada maybe 0w30 redline should be considered, if you have any issues with start up knock, I wouldn't hesitate to run 0w20 redline. That would not be my first choice, I'd try thicker for sure. Bottom line, I'd go thick as I could unless I had some start up knock, then it really makes sense to have redline if you end up with thinner choices as this redline will protect much better then thin otc stuff.
The real question would be if not redline then what, because redline is the easy answer for most of us. If you choose a non redline oil, I'd look at 0w40's that have mercedes and Porsche stay in grade specs, something like m1 extended or similar. Many 0w40's are built right on the 40 weight line and have pao base oils. Also even though 0w40 PUP isn't this, it is close enough to be a real good choice as well. Basically the same as 5w30 redline, but they will have more vii's, redline is likely to even show up thicker then the 0w40's in a voa because of the lack of shear. 0w40 is frowned on with di turbo's, but those same concerns are zero issue with a hemi turbo. Being that you are in Canada I'd probably pop in 0w30 redline and do a uoa maybe 2nd or third run. I might even be talked into 0w40 redline as well, if you felt like going a little thicker. That is what Corey is doing 0w30 redline with his engine that has hemi tick and says it is better then the 5w30 for starts.
I wouldn't consider 10w30 for Canada, and 20w50 might protect on the heat end but that is awful thick at start up. All said and done, what is going to be average rpm gains? I mean this will be still be street friendly I assume? I wouldn't want a thick winter rated oil, but I would want it decently thick at operating temps. This is very achievable.
Do a thread with your install? I would like to hear about it.