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I had a 84 K 10 with 2:73s, SM 465, and a 283. It got about 22 MPG on the highway no lie. around town etc it was about 15 MPG. More than once at 50 or MPH I would be driving along, and all of a sudden realize, oh wait I have another gear!
I mostly drive it to work, in town less then 2 miles.
Put a 700R4 in it.