Could you tell us the brand of synthetic oil that you used? I am leaning towards the crank, or line bored block crank caps possibly being out of alignment. A bearing cap inadvertantly turned around 180 degrees by mistake during assembly. I would disassemble engine. Inspect, check bores, have crank checked for straightness at a good machine shop. See if undersized bearings were available. Check rod big ends for roundness, resize if out of round. hve aline bore checked for straightness. Turned cranked, with new bearing, torqued properly into the block should turn by hand very easy. If you are not set up for this kind of work, a new short block from the dealer is the most inexpensive way to go.
Synthetic oils are engineered oils with addative packages that out perform standard oils. They are knowned for resistance to shear forces, 3 to 4 times greater than conventional oils. The 5w-40 should not be an issue, especially with no over heating problems. My New Holland manual recommends standard NH oil, 10w-30 for year round operations. A good 5w-40 synthetic oil will out perform that.