i probably don't know what i'm talking about, so this is more than likely just a "bump" to the top of the list, but i think if you're trying to increase fuel mileage, you need gears in the rearend. now, i don't know ANYTHING about carbs - i'm a diesel guy, but i can guarantee you that part of your problem is your gearing w/ 35". everyone here says 4.56 is best for 35", but you can run 4.10 gears without problem. However, if you're going to be spinning 38.5's, you need something more than 4.10. if you're going to be dropping cash on your rig - i say start with the gears. if you have the stock 1/2 ton gear, it might be cheaper and easier to look for 3/4 ton gear with a gear ratio you like - that's what i did. went from a 3.42 ratio to 4.10 for under $300. i don't know for sure, but i think a single set of ring and pinion would run you more than that - plus, if you're going to 38's, you NEED more than 1/2 ton gear.

good luck