I had a Holley Projection 25 some odd years ago. Was on 70 challenger when I bought it. I sorted out some issues with the install and it did well. It eventually died from imo being installed above where the exhaust ran. When I got it, the harness already had taken a set and it wasn’t wise to mess with it. It really felt like the wires would break if I tried to unroll the harness and move it somewhere smart, like the glovebox or something. It did last much longer than I thought. 10k miles or so for me with it like it was. The control unit just got wonky one day.
My 69 GTX gets over 16 mpg at steady cruise, 65-70 mph. 16.25 is common. It’s all stock and is dragging the ac weight. Sure efi might outdo that, but that would require $$$$ and the bigger loss would be use of the car. It would run probably a little bit better, but in my case the juice isn’t worth the squeeze. I have a whole list of smaller projects with more yield and I won’t have the car down for a long stretch. I’m not paying a shop, and it can be hard to string together the required time for the swap.