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Also question is, is it OK to use 5w20 instead of 5w30?
5W20 oils generally (but not true in all cases) have a higher additive load and lower VII levels compared to 5W30. UOAs have bore this out, as 5W20 oils do not shear very much under normal operating conditions.
Regarding this, what does 5w20 mean in motor oil?
The key difference between 5W20 and 5W30 motor oil is that the former is thicker or less viscous. When you pour it into the engine, 5W20 oil will create less friction owing to its thinner viscosity, which means it results in less drag throughout the engine parts, such as pistons, valve train, and crankshaft.
10W30 is thicker and protect older engine with its sealing capability. 5W20 is thinner multi-grade oil that is pertinent for quick starts in the lowest temperatures. In order to protect your car from internal damages, it is beneficial to use only specified engine oil by the manufacturers.