I judge oils by their industry and OEM certifications and the relevance of those certifications to my engine, environment, and driving style. While there may be relatively small performance differences among oils having all of the same certifications and meeting all of the same specifications, it takes engine tests to see them.
UOAs only see wear metals in a certain particle size range, so thinking an oil showing 10 ppm of iron is "better" than one showing 20 ppm iron is not scientific, and does not address other outside factors such as abrasive dirt from a bad air filter. UOAs are intended for monitoring an engine over time to catch large changes that may require further investigation or maintenance. For example, if an engine has been showing 10 ppm of iron over the past few UOAs and suddenly jumps to 50 ppm, or bearing metals suddenly rise together, investigation is indicated. UOAs are a maintenance tool, not an oil comparison tool. If an oil consistently shows very high wear metals over time then it likely does not meet the certifications or other non-oil factors are at play.
UAOs also show organometallic additive metals, but again that is just part of the story as organic additives do not show. We cannot judge the total formulation by peeking at a few of the additives. What is important is how the oil actually performs in the real world, and that is what carefully controlled engine and fleet tests endeavor to measure, and certifications endeavor to confirm. If UOAs told the whole story we would not need expensive engine tests.
We as "oil-heads" have a desire to always seek the best even if we don't need it, and so we grasp at any clues that we think show a difference and try to interpret that difference. No harm there, that is why oil forums exist, just understand that our tools are limited and therefore so are our conclusions.