First things first, ANY oil is better than no, or low, oil. Yes, believe it or not, people have driven and ruined transmissions and rear ends because they didn't want to use the "wrong" oil.
Hypoid gear oils are designed to take the severe stresses that are induced when the centre lines of the pinion and the ring gears do not line up. The centre line of the pinion was lowered in order to lower the floor hump in front engine/rear drive cars.
Renault transaxles have only a very slight offset of the pinion and ring centre lines. Hypoid gear oils designed for large offsets are not required in Renault transaxles. They will not harm the transaxle but neither are they needed.
GL5 lubricants contain additives than are "hard" on brass and bronze bushings over long periods of time. GL4 lubricants do not have the same additives and are fine. It was the Land Rover crowd that found this out. We fill LR transfer cases with GL4 for this reason. LR diffs and transmissions still get GL5.
I have filled synchromesh transmissions with GL5 gear oil, engine oil and ATF, all as specified by the manufacturer. No wear issues with any of them. None of them liked to be run low or dry!
Presently I am using Redline MT-90 in my Europa. It was recommended by a long time, multiple, Europa owner on the yahoo list. It is not a hypoid oil and is meant for manual transmissions. It stays clean and clear showing no signs of being stressed (black and cloudy). Most importantly it provides better shifting over the GL5 I was using before.
In my opinion, 140 gear oil is too thick. By all means use whatever oil brand and type you prefer but use oils in the 75w90 or 80w90 range rather than 140s.