For those who have done it. What did it do for your mileage?
I keep pretty detailed records of my fuel economy. I probably spend 75% of my time on the freeway. I have 4 base fuel economy numbers:
2001-'04 (bone-stock n/a 6.9l, T-19, 4.10 gears, full-size lumber rack in place), I averaged 14 mpg and sometimes got 15 mpg on a good day.
2004-'05 (added non-gated ATS turbo, turned up the fuel, still had the T-19), I averaged 12 mpg and would sometimes get 13.5 to 14 mpg on a good day.
2005-2011 (swapped to ZF5), I averaged 16.5 to 17 mpg, and if I could keep the speed to 55 on the freeway, I could just barely break 20 mpg.
2011-present (removed lumber rack and replaced tires near the end of October 2011), I've averaged 18 mpg, but that's over the course of only filling up 3 times.
In short, the final dependency is on your right foot, but IMHO a ZF swap will almost definitely raise your fuel economy...by how much is up to how you drive.
I can give you more detailed records if you want...