The actual mix will probably depend on the engine.... Very early Autolubes just gave a nice accurate <whatever>:1. The newer ones vary the oil flow to suit conditions. I believe some will run as lean as 200:1 at idle, and when you are humming along at 5500rpm, it's around the 50:1 mark.
Net result, if you do a lot of slow speed stuff, you will use next to no oil, unlike the premix crews whose plugs get very oily after a while.... Which brings us back to Nos' comments about particualr brands being good for particular situations.
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