My truck is sitting right in front of me in the shop so for S&Gs I did your procedure... At the full mark while off. Fired it up, pulled the dipstick, wiped it off, dipped it, and it came out bone dry. As a professional mechanic I've never heard of someone checking the oil while running and never tried it myself.
As others said, the dipstick only has access to a quart or so and it definitely has at least that circulating while running. I think your oil levels are totally normal.
If you're really worried about oil pressure check it with a mechanical gauge. Otherwise track down the rattle with a stethoscope or something.
FWIW I am running T6 5W40 with a Toyota small filter and it's been crazy hot here all summer. No rattles, good oil pressure. In fact just did close to 700 miles down to NC and back last weekend running 85 with the AC blasting and it did great.