Here are some of my numbers:
Pure stock 200, 1V Carb with a 2.77 3 speed tranny and 3.20:1 rear, stock ignition
Around 25MPG on the highway, 21 city.
Same as above but with Pertronix ignition:
27MPG Highway, 23MPG City.
Same block, 260H Cam (20% more lift), 1V carb, 4 cyl. T5 5 speed, and 3.20:1 rear:
29MPG on the highway, 24 city.
Same Block, 260H Cam, Offenhauser 3-1V manifold adaptor with 3 1V Autolites, T5 5 speed, and 3.20:1 rear:
27MPG on the highway, 20 City (hard to stay off the gas around the city).
Same Block, 260H Cam, Oz 250-2v, converted to 4V carb, enlarged valves, Holley 390 cfm 4V w/ vacuum secondaries, T5, and 3.20:1 rear, DS II ignition and MSD:
27MPG highway, 22MPG City
Same as above but with 3.40:1 rear end and V-8 T5:
27MPG highway (not thoroughly tested...only had 1 real tank of highway driving so far with this set up), and 23 MPG city.
Hope that helps