Why kill performance? Sub 3.00s will yield a slug off the line, and in-town MPG will suck. A good CAI and tune with exhaust mods will get you to near 20 mpg town, near 30 mpg hiway. I am doing it with my '08, and performance is very good.
It won't hurt city driving MPG. The Crown Vic with 2.73s gets 20 MPG in the city while the same car with 3.55s gets 11-13 MPG in the city. Either way you slice it, the Modular engines get better gas mileage with 2.73s especially if you lug it around town.
