Hi gitto, almost universally the most dangerous time (for your wallet) is the first run after a service.
How do you know it was not using oil? 20min is not a long time and how did it perform after you premixed? also when you say cutout what do you mean?
Usually an engine that is running without oil will start to bog down or surge as the friction becomes too much for the engines output to overcome at any throttle setting..until it seizes.
My 'at desk' appraisal for what it is worth, is not oil starvation although anything is possible...more info.
cheers fnq