I agree, it was all possible back then. I can't really say or remember what my wagon got with the 3spd OD, though it had 3.89 gears in the back. It was 25 yrs ago.
You are likely on very flat land. Come to the hills and likely it won't do so well.
My '95 F100 with 3.08 gears and automatic(4rl..whatever it is). Gets worse mileage then my previous '95 F100 that had 3.31 gears(both 302's). The present trucks seems to like to downshift a lot on grades where the other truck could hold speed better with the couple hundred more rpm. I thought the desert gears would be great, but it reality they suck. I look to maybe switch them out sometime in the future. We'll see.
With a manual transmission my truck might do better if it didn't take the opportunity to downshift so much. Just a touch of throttle may help but the computer determines what happens.