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Any 5.3L people around here? I will soon have to replace my tired old 350. The piston rings have died. I came across a very good deal on a 2005 donor truck for the 5.3L conversion so I jumped on it. My question is this. What can be done to squeeze a little more power from the 5.3L without tanking the fuel mileage? Before anyone says it's impossible think about a full exhaust system. Long tubes and everything else. That would of course give you more power, (though not much) and it wouldn't harm the MPG. Converting to an electric fan has also been known to help. So now you see what I am saying. What else is there? Thank you
Not sure what peewee is going on about. Your 2005 LS 5.3l is rated at about 295 HP at 5,200 RPM and 335 lb·ft @ 4,000 RPM. It definitely doesn't have a TBI. Your biggest bang for the buck I think is a cam swap to waken up these engines. It is pretty easy to get 400 HP out of them with even a mild cam swap. Your best bet for fuel economy is to keep the fuel injection.
What are you putting it into? I can't imagine that a tired, old 350 would get you very good fuel mileage. The 5.3 l engine in a 2005 1500 Silverado got like 16 MPG. There is a lot of information on cam swaps on the interwebs on the 5.3 l. For a truck, I would avoid the LS7 or LS9 cam swap. Those add good HP, but at the sacrifice of low and mid-range torque. You might just be happy with the 5.3 l and some mild add-ons, like headers and electric fans. You can also get a tune (I am assuming you aren't tuning yourself).
I'm curious what kind of mpg you think you will get and what size truck it's going into. I have a 1989 V3500 4wd that needs a new engine and I've been toying with the idea of 5.3.
Why not use an RV cam grind? As for the flywheel, not a good idea. That's where your kinetic energy is stored.