MB 229.51 will be a manufacturer specification that the oil meets (guessing MB is Mercedes). It's just a reference to a document somewhere so bears no relevance to the oil specification IMHO. Unless that same spec. is quoted by Smart?
"Standard" Mobil 1 is a 0w40 oil IIRC. This one is a 5w30, so, at operating temperature, it is slightly thinner. Once it's got good and hot it will give you slightly lower oil pressure as a result but I'm surprised it puts the light on, TBH. What grades of oil are listed in the owner's manual? Does it say a 30 weight oil is acceptable?
You might want to connect up an oil pressure gauge to the engine and make sure the oil pressure is within spec. just for peace of mind.
I wonder if that engine works its' oil particularly hard (how much oil does it take?) or whether Mobil 1 was just specified to provide a long service interval. Thinking the GM 10w40 might be OK if you change it regularly?
Kevin