"I am running 6.50 x 16 tires."
"if I can get 12-22 mpg then it might be worth changing the ring and pinion and not sell the truck just yet
"... also does keeping the torque tube system help the truck keep its value or would it be more valuable with an upgrade to an open system?"
To compare MPG, you need to estimate RPMs and then estimate resulting MPG (gas mileage).
- how much level-MPH driving vs start-stop/speed-up-slow-down driving affects MPG?
- what average speed?
- is your alignment good (all parts adjusted and lubricated)?
- are front wheel bearings good, and adjusted?
- is your steering-gear adjusted?
- is your air pressure set to minimize wandering (higher pressure) and minimize hard-steer (lower pressure)?
My 54 3100 with 3.55 R&P and 31.5" (or, a little less) rolling-diameter radial tires approximately gets the following MPG:
Ring Gear and Pinion Ratio (3.08, 3.55, etc.) = 3.55
Tire Height (24.5, 26, 27.5, etc.) = 31.5" (truck radial tires)
MPH = 55
Transmission Final Gear Ratio = 1.00
Calculated Engine RPM = 2083 (your RPM would be about 5% higher RPM at same speeds)
Estimated MPG = 18-20 MPG
At different MPH (minimal start/stop driving):
MPH = 55, 18-20 MPG (2083 RPM)
MPH = 60, 14-18 MPG (2272 RPM)
MPH = 65, 12-14 MPG (2461 RPM)
These are crude estimates and 10-20% off.
I used the RPM calculator at the bottom of this page.I have pushed-it (a 261) to a little over 90 MPH.
65-70 MPH is my highest cruising speed, with noticeably lower MPG.
The decreased MPG is not only a result of RPMs, it is a result of wind-resistance (the awful "aerodynamics" of a Stovebolt).
Keeping the torque-tube (with 3.55 rear) is better than a chop-job front/rear suspension and poorly-implemented different drive-train & braking system. If the changes are done well/correctly, they might enhance value.
If you change drivetrain, suspension, and brakes (and engine parts) with non-major-manufacturer-style/design parts, the next owner would probably have a harder time finding replacement/repair parts, unless they are all stock major-manufacturer parts.