If you overfill you run the risk of having the crank in the oil which will whip it. Whipped oil has air bubbles. Air bubbles do NOT lube. No lube action = destroyed engine. It is almost ALWAYS better to run a quart low than a quart over.
Air bubbles also give anything that is hydraulically actuated the fits (ex. - basic valve lifter).
Soundguy listed 2 of my favourite reasons for using synthetic. With what some guys haul with "light" trucks, esp. turbo-dzl, the Engine Oil Temperature is probably higher than you'd suspect.
Recently, I've gone to running conventional in an older Honda car - high mileage summer use vs. $ was the reason. I'd add that synthetic often has a
lower consumption rate (volatility, etc.) in a well maintained motor. I've also seen the same lower synth consumption pattern with my 7.3 diesel. Now that Winter is here, I'm back to synth in both vehicles.
With me checking oil levels fairly often, Conv. or Synth can both serve in my Summer applications.
Average consumer (ie. not a TBN gearhead like us) ? Different story. I see plenty of vehicles at my buddy's shop, extremely low on oil, if not out. A recent one needs a motor in a Mazda 6, that isn't much more than 5 years old.
I agree, today's conventional oil has come a
long way from when I was a kid. Changed at engine OEM intervals, in spec conventional oil will serve fine for most applications.
That said, if I was turning my wife or offspring loose with a vehicle for an extended period of time "unsupervised", I'd want synth in it, just so I wouldn't have to be nagging (so much

) about checking the oil level.
Rgds, D.