This can get soooo complicated. Stick with a motorcycle specific oil in a grade recommended by the manufacturer though and it can be simple.
If the choice is 20/40 or 10/30, neither will damage the bike. The 20/40 may make the bike run a degree or two hotter, give a fraction of a horsepower less, but it might make the gear changes smoother.
The only disadvantage of a motorcycle specific oil that comes to mind is that they are not normally available at service stations, but then you hopefully won't need to make any unplanned purchases.
When you trade up to a bigger bike it could pay to revisit the question, but the simple advice would still be to use a motorcycle specific oil in the grade and weight recommended by the manufacturer.
Oh, and I'm not sure that buying the cheapest oil you can find is the best policy?
There is a grey blur, and a green blur. I try to stay on the grey one. - Joey Dunlop
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