You get 16 mpg on the highway? Instead of comparing it to a Jeep (mine got less than that too with the AWD V8) compare it to my car. 27 mpg on the highway with EFI and mine probably weighed a LOT more. I do have 3.73s, not 4.10s, but it's a more fair comparison.
I only used that as a comparison because it's a modern EFI vehicle. Obviously there's more to mpg than just EFI, otherwise everything made today would have considerably better mpg than older carbed cars. Then again i also have my secondaries set to open at about half throttle so if i wanted better mpg i could have it. It's just not a big issue to me. Maybe if i drove my car as a DD or if i took it on long trips, but for just playing around town and driving to the track, i want the best WOT i can get.