You can do what you want, and most people will. But I have been inside quite a few engines in my short life. You can definitely tell the difference between the ones that had the oil changed and the ones that didnt. And that difference is sludge. Now, I have never been inside a saab engine or know much about the sludge issues. But typically if you run the correct grade oil, don't overheat the engine, and change it at the appropriate schedule, you won't have sludge issues with today's regular oils.
But lets take a look at the oil you are suggesting. As mentioned in the thread, it basically contains kerosene. But it is incorporated into the oil during manufacturing to not thin down the oil and keep the correct oil weight. But it is still kero and will clean like kero. But even at 5%, which is on the low side, that is over 1.5 ounces per quart of kerosene. So basically 2 full cups of kerosene are in with your oil. Hell yeah that will clean things out.
But as mentioned, if you use this kind of cleaning power on a highly sludge up engine, you may run into problems down the road with that kind of sludge and crap now floating around in your oil, clogging up your oil sump screen, or even getting sucked through the screen, through the clogged oil filter which is just not bypassing oil and not filtering it, and running it thorough your bearings.
If it were me, I would just make sure to use a good quality oil, use the correct grade, make sure not to run the car hot, and change the oil as specified. All oils are made with some additives to help prevent sludge and even with a highly sludged up engine, these will slowly break down the buildup and get rid of it without washing the entire engine down with kerosene and possibly clogging things up or causing bearing damage down the road. I wouldn't take that chance.