So you want to lube the IP? Looking at additive designed for diesel lube and sold as such: Figure $1200 for a new injection pump over 100,000 miles, injectors need rebuilt at 100K no matter what. $19 at the parts store gets diesel additive that treats 250 gal or ~10 tanks aka $1.90 per tank. So 100,000 miles untreated IP life costing $1200 say at 10 MPG is giving you $3.00 per tank to treat the fuel. Adjust average IP life and additional treated fuel IP life so the numbers make you feel better. Our 6.x stuff is cheap vs. a HPCR engine needing $3500 - 5000 for injectors alone.
FWIW I have run both the off the shelf as noted, biodiesel, and 2 stroke oil. The 2 Stroke is slightly harder to start and smokes more till the precups get hot. I don't have a cat converter as my year(s) met emissions requirements without them from the factory. Word: zinc and other metals in used engine oil will poison your cat if equipped. The poisoned cat quits working, cools off, and then plugs solid with carbon becoming what 6.5 owners refer to as a "soot trap".
Used oil from what?
Engines have abrasive to IP/injector carbon/soot in them maybe some water or coolant. X3 on The centrifuge advice
@Will L. @ak diesel driver may need a little more in depth. Keep the cost of the equipment in mind with the above $1.90 per tank to treat it with off the shelf lube.
Frugal is sometimes not chasing pennies with dollars.
Perhaps alternative fuel of waste oil then?
Waste oil in general has God doesn't even know what in it: Brake fluid, dust from brake job, PAG compressor oil, dirt, oil soaked very dead bugs, rainwater, a ground up ring and pinion debris in silver colored gear oil, diesel fuel, bad gasoline, antifreeze from pulling heads, sludge off a diesel fuel filter, ATF, and maybe some engine oil that is "done" overheated/out of grade/acidic, engine oil sludge... Hmmm... My used oil container may qualify for an EPA Superfund cleanup. I have had to dry up completely mixed oil and coolant from a complete engine failure like my avatar pic in kitty litter and be upwind on a burn day or drop the dried bricks in the trash.
So even if it's clean there is risk the oil is still harmful being completely used up and acidic. As un-approved alternative fuel the testing and other costs may pencil out. Road fuel tax avoidance fines and environmental EPA fines/concerns is a risk for alternative fuel approved or not.