Might sound odd, but we've never had any serious discoloration of the oil until way too many hours are on it.
That said, whatever is in CamGuard makes the oil seem like it has a lot more "surface tension" for lack of a better way to describe it. And when we started using it the oil flowed more freely but "stuck to" things better, and came out a lot more consistently the same color. It also seemed to lighten it significantly over time.
That's all completely unscientific, and it took a couple of oil changes to get there, but our oil on the dipstick looks "fabulous" to this guy used to black-as-soot oil from his diesel tractor and truck, and even looks better than the cars. And I change oil on all of those often. Maybe even too often.
CamGuard adds a touch of a "yellow" sheen to fresh oil and it "clings" to the dipstick better. No idea why, I'm no chemist. For all I know it's snake-oil, but with folks recommending it for any engine that might sit, as ours does *occasionally*, we use it.
This post is as OWT as any other offered but the stuff seems to be good is all I can say.