I've got a buddy with a newer Power Wagon. Bad *** truck, but he says he averages about 11 mpg, around town its closer to 8.
I'll stick with my 5.7 for now, although it needs more power in the 3500rpm range. I tow my camper a TON with mine, and it really struggles getting up to highway speeds.
I made a suggestion a long time ago, to install a flex joint in the Y pipe. This would help tremendously with the expansion / contraction issue. The Y pipe also expands away from each end and compounds the tension put on the rear bolts.