16 avg in 86 K5 blazer with stock 02 5.3 tahoe motor, 700R4 and 3.73
Steve
66 Chevelle, 454, 200r4, 12.9's, 86 K5 with 5.3
i get bout 20 with my 4.8 if i stay out of it
I wouldn't advise doing the swap for mileage.
However, if you want to talk your wife into the swap the 1-2mpg increase can't hurt your argument. All the little things turn into quite a bit more $ than rebuilding your stock motor with a decent cam, so it's really not worth it to gain anything.
But, if you drive it normally I doubt you could get it to do worse than a worn-out motor that you currently have. (assuming you keep the fuel injection and don't get to crazy with your cam/stall choice).
88 RCLB: LS swap in progress
00 CCLB
03 Yukon Denali: Wife's "soccer mom mobile"