The model number for the 850 is 12Q900, where the 00 depends on specifications. For plain main bearings the first 0 really is 0, and for a recoil starter the second one is 2. Hence your engine is probably a 12Q902. Somewhere on it that model number is given, followed by the type number and the date code. The engine differs from the 800 (12R900) in having an iron sleeve and double-element air filter - these are traditional I/C differences. All of the 800 series (800, 850 & 875) are 12 cubic inch (190 cc) OHV vertical crankshaft engines, and they all have an optional oil filter available. The 875 does not have the I/C features, but has 3% more torque.
So far as oil is concerned, the recommended grade is SAE 30W if the ambient temperature is above 40 degrees Fahrenheit, or 4 degrees Celsius. Briggs have always recommended SAE 30, not multigrade, for temperatures within the common range, and still do. Their reason is the desire to keep oil consumption within reason. A multigrade oil is made from a base stock (the actual oil, in other words) with the lowest viscosity they quote, and sufficient viscosity index improver to achieve the highest viscosity they quote at a very high temperature. Unfortunately oil consumption depends primarily on the actual base stock viscosity. Your SAE 5W-30 is made from SAE 5 oil, and it will pass through your piston rings like a goose on castor oil. Here is the oil change service procedure for the 800 series:
http://www5.briggsandstratton.com/eu/en/maintenance_repair/basic_engine_care/changing_oil.aspx"For optimum performance, you should change the oil in your small engine after the first five hours of use and then, every 50 hours of use:
"Use Briggs & Stratton SAE 30W Oil above 40°F (4°C) for all of our engines.
Check oil level regularly.
Air-cooled engines burn about an ounce of oil per cylinder, per hour.
Fill to mark on dipstick. DO NOT OVERFILL
Change oil after first 5 hours of use, then after every 50 hours or at the beginning of the season."
Yes, Briggs also permit the use of their house-brand of synthetic 5W-30, which is usable even at very low ambient temperatures, but "optimum performance" requires SAE 30W, provided ambient temperature is at least 4 degrees C.