I put 15W50 Mobil1 synthetic in mine, and I overfilled it - I put 2 gallons in it. Just leave the fill plug in the side and unbolt the shifter assembly, then pour your oil in there in order to be able to overfill it like I did.
I chose the 15W50 because at colder temps it will have about the same viscosity as 15 weight - which is about the same thickness as the ATF that originally comes in the ZF-5. BUT when hot the oil has the viscosity of 50 weight - which is significantly thicker than ATF (or 15 weight) would be when at the same temp (hot). Of course hot 50 weight oil may still be thinner than cold 15 weight - though it won't be nearly as thin as hot 15 weight would. That is the beauty of multi-vis oil. Bottom line, with 15W50 in it mine is not hard to shift when the temp is below freezing OR when it's over 100 outside.
The plate on the side says to use synthetic ATF, so I chose Mobil 1 synthetic because 1) it is synthetic like Ford recommends, 2) it was the only 15W50 I could find at the time, 3) being synthetic it will last a LOT longer than dino juice without breaking down - getting dark, and burned, and loosing its lubricity - even when exposed to heat & pressure.