I understand what you're saying... and honestly, I'm not planning to put a 3.0L motor in a truck. I'm just up (too) late and bored, LOL...
When I build a six, that's not going to be about fuel economy, although a little bump in that area would be nice, and really, in Atlanta, you lose most of your gas from stop and go. So in that case, less displacement would probably help on the city mileage, since so much time is spent idling.
Off topic...but...My goals for the six are centered around the fact that I think they're cool, not because they're necessary, or practical. I'll just be shooting for a good reliable engine that performs like a garden-variety 350 and has MPFI, with possibly a turbo for added fun when needed.
After the K5 is basically all running as it should be, I'll probably get another project, and it'll likely be a small 70's GM--preferably a Monza, but the other equivalents would do me fine (Buick Skyhawk, Pontiac Sunbird, Olds Starfire). That would be something where I'd be likely to play with a 3.0L 4cyl or small V6. That'd be my econobox.
This guy claims 36mpg highway with his...
http://detroit.en.craigslist.org/car/719788261.html
I don't know if I believe 36mpg, (thinking high 20's) but I wouldn't be entirely surprised if it hit 30. My 1980 Caprice Classic did much better than my K5 does. Probably into the mid-20's highway. I could drive for a couple of days (school-to-home and back, and hang time afterwards) on $5 of gas when it was around $1/gallon.
Edit: according to v8monza.com the V6 version would do 30mpg with a 5sp, so maybe that 4cyl version in the Craigslist ad really will do 36mpg...
Hmm...