There are a lot of products that are snake oil.
There are some others that do a lot of good.
I use Lucas fuel additive with an improvement in the way my diesel Duramax runs and sounds. I have no valve knock under light throttle if I use the Lucas fuel addative.
I ocasionally use it in my gassers also as it lubricates the pintles of the injectors.
I use a zinc based oil addative in all my motors that I do not use racing oil in.
Due to government mandate the zinc and phosphorus was taken out of motor oil a couple of years ago. The zinc and phosphorus dramatically lowers wear on engine parts.
Engines with solid or hydraulic flat tappet camshafts have a problem with galling on the lifter base and the camshaft going "flat". This is due to the elimination of the zinc from the oil. The zinc acts as a lubricant.
Almost all modern motors use roller lifters so this is not a problem for most late model cars. The reason for the elimination was the zinc, is supposed to shorten the life of converters.
Anything we can do to make oil slicker without eliminating the cling factor will make engine parts last longer.
Diesel oil has not had as much zinc removed as passenger car oils but it is still very low on the addative.
Not all addatives are snake oil, but there are many that are just a waste of money and time to use.
The Lucas line of addatives seem to work as advertised. I will continue to use them as I feel they really work and do what I am paying for.
In my opinion Slick 50 is one of the snake oil products.