Jason pretty well summed things up.
I use three oils...
First, the TC-W3 for all marine applications.
Second, both mineral and synthetic oil specifically for sleds - these have low temp (-40F) capabilities. I use both as one of my sleds needs the synthetic, the other four get the "cheap stuff".
Third, whatever I can find for regular 2-strokes. The TC class IIRC.
But the key reason I asked above what oil you were using was because the various applications (marine, sled, utility) all should use different oils...