IMO synthetic is better than conventional oil; while regular oil is very very good these days, synthetic allows higher mpg (verified on several vehicles I own/owned) and runs cooler than conventional oil, is more resistant to heat and supposedly lubricates better.
toddman67's right, you can get some leakage when switching over. His point that whatever you are using should continue to work is a good one ...the most important thing is to change your oil at regular intervals.
The reason that switching causes leaks is that conventional oil usually forms a little "crust" or deposits around the seals and other spots; and over time this crust ends up actually doing the sealing. When you switch to synthetic, the synthetic reduces or erodes this deposit, and as it does you get some leakage (some stories I've heard say a lot, some say a little). Once the deposit is gone, then the seal softens up and does its job again and the leak usually goes away. (Check out the forums at
this site for more about switching and oil in general...there's more info there than you'll probably want...)
While I can't speak for your engine at 170K, I can say that in 2005 I bought a 2000 GC with 105K miles on it and switched to synthetic. I got some weeping around the seals, but not enough to make a puddle on the ground, just enough to make it look wet. I had no leaks before I switched. After a few thousand miles, the seepage went away.
What might have helped though is that before I switched, I used
this stuff to clean out the engine. It worked very well IMO, and as advertised.
I've been having my oil analyzed the last two years or so, to see how long I can run it. The people I use are
here; they will send you free testing kits and it's $30 to have them test it. I've sold the 2000, but I now have a 2004 GC 4.0 with 55000 miles, and I'm using synthetic and going 10000 miles between changes.
Hope all that helps, apologize for getting started about oil....