IIRC '86 or '87 was the last year for a carb.
It isn't going to get the mileage of an FI motor.
I have an 88 3/4 P/U 350 FI gets around 17-19 MPG.
When I can keep the 700 R4 in it long enough to check MPG that is!!!
Never had a truck with a carb'd 350 that got that good.
In addition to what has already been said -
All the fancy stuff (Split fire, purple wires, fru fru cap & rotor) does little.
A good tune-up with the factory spec parts - use quality brand name stuff, not brand X - will do you as well as anything.
A few T/U things to check.
When you have the rotor off - make sure the advance weights are free and rotate the rotor mtg part of the shaft when you pull them out from centre.
And that they return on their own when released.
Pay attention to ign timing.
If you have a vac pump (MightyVac) make sure the vac advance is working.
Make sure the EGR is working correctly so you can keep the timing up where it belongs.
Check the hot air riser valve in the air cleaner assy to make sure it opens once warmed up.
Check cold air intake hose - make sure it is clear and in a place where the air flow is not blocked.
You do know it has a fuel filter in the carb - right ?
Cheap filter may not have the check valve in it.
Carb bowl vent line. make sure it is clear.
Check to make sure the carbon canister purge valve is not putting any vacuum to that vent. It can & will suck gas out of the vent.
Not tune-up, but something to check.
Check the fan clutch.
If it is frozen or if it has been replaced with a solid fan, it can actually rob some HP & MPG. If it is loose, it is dangerous.
You want a working fan clutch or quality flex fan on there.
HTH