Hypoid shaped gears are not on the same axis kind of a spiral shape and don't engage all at once like a noisy straight cut gear like the counter balancers that make the whiny ST noise. On axis would be a bevel gear. "hypoid" oil is another way of saying EP "extreme pressure" oil additive package. Moly is an EP additive that deals with high pressure and slow relative movement between surfaces as opposed to say a high speed relative movement like a ball bearing and its race.
The interwebs suggests the weight scale of gear oil is purposely different so you're not likely to confuse oils. An 80wt "gear" oil might really be a 40wt "motor" oil viscosity or close but it's called 80wt so you aren't tempted to use a "motor" oil that would have an inappropriate additive package.
+1 That's what I learned on my Google search.