Wish physics were so easy. But they are not thus we have a standard way to check the level. Oil filter drainage, especially those horizontal like Gen 1 or vertical like a Pentastar V6, oil cooler drainage, especially those with thermostatic valves, main bearing clearances and sizes, oil pump leakage, lash adjuster leakdown, cam phaser leakage, etc all contribute in different ways based on the oil temperature and viscosity at the time of engine shutoff. Then you have air entrapped in the oil (called aeration) which is generally in the 5-8% region after running the engine at faster speeds, and the oil additive anti-aeration qualities, oil temperature, etc will define how long it takes for the air to come out of solution. These things also lead to considerable variations between engines of the same design. So, since the engineers cannot control the physics they control the test parameters with enough time that the fast leakage elements have returned the oil to the sump but the slow leakage elements haven't. Your study may show that your engine lacks significant slow leakage elements and/or aeration dissipation and thermal expansion counteract drainage, but that doesn't mean other Viper engines will behave similarly. Just too many variables.
In addition I believe the 5 minute period dates back long ago to when gas station attendants checked the oil after filling the gas, washing the windshields, etc. Those were the days!
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