If you build an engine right, you won't neccesarily lose mileage.
Complete stock 200, with 2.77 3-spd, I got about 25-26MPG with a good 1100.
Now: Aussie head, 390 Holley 4V, Comp 260H cam, T5 5 speed, electronic ignition, enlarged valves: Mileage: 26-27MPG so long as I keep my heavy foot off the gas.
The only difference: my new set up has a lot more power if/when I need it.
Remember, mileage and performance can go hand in hand. If done right, you can have your cake and eat it too.
Slade