Howdy Tatao and All:
While a '69 coupe with a C4 and a 250 is cool, they are not known for being miserly. Another factor is that a '69 coupe is not exactly a light car. Factory MPG ratings are a very gross generality and, as '54ford and others have already said, the biggest variable is the driver.
To maximize MPG in a car like you've described (or any car, for that matter) you have to think about and maximize details. Best mileage comes when an engine and chassis are most efficient. Maintain as much heat as possible. A hot engine is more efficient. Avoid cold starts, warm up quickly, avoid choke conditions, minimize acceleration and accelerator pump uses. Have the idle set as low as possible and don't idle for more than 10 seconds. Coast when ever you can- avoid using the brake. Have it tuned to perfection. Use the maximum initial advance possible. have the hottest spark possible.
The stock '69 thermostatically controlled air cleaner system is a great one, both for mileage and for performance. I'd maintain it. You can add a K&N filter element if you like, but it will only matter at very high rpms or very dirty air. Neither of those are what you want for mileage.
Lighten the vehicle weight, maximize tire pressure, repack and set wheel bearings, make sure brakes are not dragging, and that the front end is aligned.
Finally, drive as if you have a raw egg between your foot and the gas pedal.
With an engine this old and having been in storage, I'd suggest using an engine flush oil flush on the 1st oil change. Commercial engine oil flushes are high detergent and will loosen and remove sludge and varnish to some extent. Then get it tune up and drive for at least 100 miles- more is better, before doing a compression test. The big criteria is evenness from cylinder to cylinder. I would not worry about cylinder pressures as low as 100 psi, as long as they are all about the same. That would indicate a well worn engine with no major problems- a good candidate for a rebuild, but not necessarily an emergency. If one or two cylinders are significantly lower than the others, that might indicate a more immediate problem, such as a broken valve, broken ring or ?.
Tuned AND driven to the extreme (as opposed to normal driving), in ideal circumstances, I believe that this vehicle could get 25 mpg or better in city driving. Why don't you do it and let us know.
Adios, David