I have probably a million miles driving carbureted trucks of various sizes with manual trannys, from a 1961 Ford C-600 to 1980s GMCs with the last of the carbureted 366s. We leased one that actually had a Holley 4 barrel and tubular headers new from the factory. They made a bunch with square bore Holleys and headers in the late 80s on straight trucks, dump trucks etc. I am pretty good and driving economically. I am wondering if there is anything I can do mechanically short of installing an overdrive which would basically never pay for itself on this truck.
Sorry about being late to the thread. I almost commented last night, but didn't realize you were looking for general economy advice as well.
I have headers and dual 2.5" exhaust. I'd gladly GIVE you the entire system so I can redo it to something more practical. I'm seriously contemplating some "decent" (whatever that means?) cast manifolds, two into one crossover pipe, a high-flow convertor and single 3 inch exhaust out the back. Ask yourself this; How often am I going to cruise around at 4000 rpm?
No more burnt plug wires, shorty spark plugs, stinky A** fumes, clearance issues and extra dead weight. Sounds a lot like my ex...lol
On the exhaust note. This the above quote is what to do, and what I have, or pretty close. Stock manifolds, stock down pipes, to high flow cat, 3" mid-pipe, single high flow muffler (note high flow does not have to be loud!), so in my case I picked a large oval muffler, with dual 2" outlets both exiting on the D/S. If you go dual, a cross over pipe is required. I large single is cheaper, and better mannered.
I think I am just going to leave it alone for now. If I get headers I am going to fit them, take them back off, the wrap them and reinstall. And use dead soft copper gaskets.
If you want advice on stuff to help you out in the mileage department and cheap enough to pay for itself I give my 2 cents. First you gotta think about how long it'll take to pay for itself, if your only doing it for mileage. Obvious make sure the carb isn't running rich. You should have a properly functioning heat riser and thermac, those work together in part to allow a lean or quicker choke pull off reducing the amount of time the choke is on will help your mileage, unless you only start it cold once or twice a week you.
Distributor: Make sure the timing is set properly the vacuum advance is working and that the mechanical advance isn't sticking.
Besides reducing combustion chamber temperatures, an EGR valve opens up at cruise and replace some of the mixture with exhaust gas which can't be burned, because it's already been burned. Therefore a properly working EGR valve can help.
Unless you spend a lot of money the mileage will always be not great, but even small improvements in these trucks can be noticeable.
For me I've chosen to drive my Jeep to work a few days a week instead of the truck, but again buying a commuter car, just for the sake of being a commuter car is impractical due to the cost of purchasing, maintaining and insuring the vehicle. But again if you have something already even if it only gets a few miles per gallon better than the truck, it can help since you already own it.
That's my take anyway.