Here is the requested information:
Axle: 3.10:1 original 9".
Tires: I have done many miles with both 225/70r14 radials at as much as 40 psi AND 7.50x14 bias plies at 24 psi. No difference in economy.
Compression: checked a couple of times since re-ringing engine, though not recently. All cylinders were within a few psi of 150.
Timing: I've been all over the map with this, checked the curve, changed vacuum advance rate, tried running with and without vacuum advance, road tested different settings with a vacuum gauge, etc. I could tell a difference in power, responsiveness, smoothness, pinging based on the different settings I tried, but none ever gave me a tank better than 12.5 mpg.
Carburetor: original carter afb with vacuum secondaries, correct stock jets and metering rods, correct float settings. I have tried 2 of these units, tried small adjustments to float level, made sure choke works properly, air bleeds are clear, etc. with no change in economy.
Transmission: original fordomatic. Bands adjusted, fluid type fa, removed torque converter and replaced seals a while ago because the converter was leaking badly(it's a bolt-together unit). Trans shifts well, no performance complaints, no slipping, tachs 3000 rpm at 70 mph, I don't think the converter is slipping more than normal for a non-lockup unit.
Engine: running 20w-50 oil. Engine runs hot at highway speeds, I believe due to poor flow through radiator which has clearly been patched up. Always stays in the normal bar on the gauge though.
Spark plugs: here are some pictures of 3 different plugs I pulled. Most show a pink residue which I'm told is from a fuel additive (I usually run shell regular). The first 3 are one plug at different angles, the next 2 are of a second plug, an the last 2 are a third.


1954 Crestline Victoria 312 4-bbl, 3-speed overdrive