Figure you're gonna get about 19 to 21 MPG highway with a 1HD-T engine in good tune, on a stock 80. If you get more, great, but that's pretty much an average. I don't know what that will change to with a towed item. City driving will be in the mid-teens.
If you can find a 1HD-FT (24 valve), the MPG will go up, but it varies also. I've heard as high as 30, but that's kinda rare. I'd think 25 is more likely.
If you start adding tires, you'll see the economy drop and power will drop quite a bit too, if you don't re-gear, as the diesel is much more sensitive to ratio issues. When I went from my stock tires to the 33's I have now, the miles dropped about 1-2 mpg with no other changes. I'm getting around 18 on the highway as an average, and that's doing about 75 mph or 80 mph. I've got Toyo MT, rather heavy tires with a fair amount of rolling resistance.
The diesel is cool, it really excels offroad when compared to the gas trucks. I can do twice the distance in low range compared to the gas trucks. I've never had to use my jerrycans when I've been on expedition trips, when the gasser 80's were all emptying thiers. It also has that way-down torque which is awesome for crawling.
They are maintenance intesnsive. You must change oil often. And I don't care what anyone tells you, you MUST use a high-quality synthetic (AMSOIL) if you want the (Toyota TD) engine to last. You really can't fudge on oil changes like you can on a gas truck. The engine will wear very quickly if you do because the oil gets full of soot rather quickly. The oil really needs to be changed every 3000 miles on the T motors, I understand you can get a bit more out of the FT engines. You also need to keep the fuel very clean, so fuel filter changes are also a must. These have timing belts that must be changed every 60,000 miles, and it's STRONGLY recommend to also change the tensioner at the same time.
Injectors need to be removed and serviced every 60,000 miles, if you want to maintain efficiency. the pumps are good for about 150,000 miles average.
You MUST use a fuel additive if you want the injection pump to last, as the newer ULSD will not provide adequate lubrication for the pumps.
I don't have an intercooler on my truck because I'm going to be doing a 1HD-FT conversion on a 97 80 that I have, and I'm going to be doing the intercooler on that truck. However, I've heard that the IC will also perform wonders on the T motors as well, so that's an excellent upgrade to consider on any TD. They also respond very favorably to low-restriction exhaust sytems (like 3" on the 80's)
HTH
Dana