If you're after mpg you also need to consider the cost difference in gas vs diesel. I get 19 - 20 mpg in my HJ60, but after you figure that gas costs about 80% of diesel, my fuel costs are the same as getting 15 - 16 mpg on gas.
Very true.
Here is a good story that relates.
My BIL and I were talking about our new truck purchases (we both got new vehicles in our families within days of one another without knowing) and we were discussing why we picked out particular vehicles.
He and his wife got a new BMW X5 Diesel (think the 35D with xdrive) and we started talking about why they picked the diesel over the sport V8 X5. His rational was they had borrowed our FILs new X5 with the V8 and took some friends over the hill (Reno to the Bay Area). With a carload of people (well 4 adults) they found that the V8 really lagged while trying to climb and when they checked the mpg they got something like 15mpg avg.
After doing some research they found that the diesel X5 had close to the same amount of power (slightly more) and would average better on the mpg when "loaded." Now with BMWs you have to put Premium (recommended at least) in the tank and the cost of Premium has normally been within 10-25c of the cost of diesel per gallon. With the added mpg, power, and slight increase in cost of gas per gallon they decided to find the X5 diesel.
We went to see family in the Bay Area again and he calculated their avg mpgs and found that not only did the diesel have better grunt climbing over the hill but also they avg about 24mpg vs. the 15mpg with the V8. So in the end the costs ended up paying more in their favor for the diesel.
So if you are like me and run your cruiser on low or mid grade, the increase in cost to diesel plus the cost of the conversion would be substantial. This would make the ROI extend WAAAAY out. However, if you are looking at it from the aspect of the "cool" factor and the additional power, negating anything with cost savings on gas or whatever, well then you are in luck!!!