Trying to save a few bucks on 2T oil seems like false economy to me.
It's like buying the cheapest house paint, cheapest roofing shingles, or cheapest tires you can find.
Paying $37 for a gallon of 2T oil instead of $65 (for the Motul 800 I linked to above -- an oil known to be good for chainsaws) will save you about 22¢ per ounce of oil used, or about 66¢ on a gallon of 2mix. Considering that non-ethanol gas costs around $4.50 per gallon, this represents a whopping savings of 15% ... do ya feel lucky?
As for outboard engine oil, I sure as hell wouldn't run anything not labeled as TCW-3, and depending on which engine I was running it in, I would want the motor manufacturer''s signoff on the oil, as well. Have you priced an outboard motor lately?