The one single fuel waster is not having peak cylinder pressure occur in the window of 25 to 28 degrees AFTER TDC. Put yours there and see what happens.
I would like to tell you that I once did, and gearing my reasonably shaped 68 Barracuda to 85=2100 rpm with a manual trans, she returned to me 32 mpg. But nobody believes that so it must be impossible. And this with a 360 and a 223/230/110 cam yet....... so you didn't hear that from me.
My cruise timing? set to 2100 =45* in the distributor plus up to 15 more on the dash-mounted dial-back, spark-delay box, so 54* on this trip. That's what it took to put the peak pressure inside the window.