ATF and kerosene are the "old school" techniques that are still very effective and conveniently cheap. I highly recommend you get an idea of how much sludge is in that engine before you start- look down through the oil fill hole and see what is caked around the top of the timing chain and the cam phaser. If you have a lot of gunk, the ATF might unleash a lot of stuff and wind up in the pickup screen in the oil pan. You may want to pull the valve cover and manually clean out the gunk around the cams first. I'd run that ATF cocktail under close supervision, with an oil pressure gauge attached if possible, in the shop for 30 minutes or more at maybe 2000 RPM or so, and carefully inspect what comes out of the oil pan and into the filter. I'd pull the cam phaser solenoid as well to clean the screens. If the oil coming out is black and clumpy do it again. When you are done, you can still find yourself with sludge just sitting/sticking in the pan, and with the right movement of the truck (running hot and fast with a quick slow down - my experience), it loosens up and drifts into the oil pickup screen - very bad.
There's a recommendation out on the web on a forum somewhere (sorry I'm going on memory) where a guy recommended draining all the oil out, and through the dipstick tube putting a gallon of carburetor cleaner in the oil pan for a few days, just to sit there - not run the engine!!!! It has to go in through the dipstick tube so it doesn't touch seals because the cleaner will destroy them. After a few days, the cleaner is drained and the pan and oil pickup will be "shiny and clean as new". Then he recommended putting a gallon of kerosene in the oil pan for a little while, just to rinse the carb cleaner out. The he filled with fresh oil and ATF (and a new filter if old), ran that in the engine for a while (like above), and then put a fresh oil change/filter in. This was all motivated to avoid taking the oil pan off since like our trucks, its a PITA.
I provide this for your consideration - my truck is sitting in a garage (3 hours away) with an oil pressure problem and I either have to tow it home to pull it apart, or do something like the ATF to clean up the system to make it driveable. Either way, my S10 is serving me well at this time so I'll get to it when it warms up and hopefully the world is a little less crazy...
Best wishes!