I have a 350 040 over, wieand 8004 intake 1406 eddy carb(perdy much out of the box), 270/280 204/212 .420/.442" BlueRacer RV cam flowtech headers and dual 2.5" flowmasters. 3.73:1 rear gears.
I live @ 600feet.
I get 11mpg. The engine was a fresh rebuild a year and 4 days ago.
I recurved my distributor. so far it improved mileage by 1.25mpg 9.75mpg to now 11mpg.
That $18.36 part(installed myself) if the improvement keeps up. Will save me about $432/year.
I'm going to put a electric fan in my truck. see if that improves mileage much. I will because the solid steel fan puts a bit of load on my motor.
Mileage is worse in winter. because run the motor an extra 10-15min per drive around. 15min of motor running without moving burn fuel without racking up miles.