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That Thriftpower Six, aka Falcon Six, can be a decent economy choice, the smallest version at 144 cu. in. could deliver up to 30mpg in the Falcon at the time. Your mileage may vary of course, but we also enjoy hugely improved technology and you may be able to do significantly better.
About your Stang: restoration, or restomod? If you're going full boat restoration, I will only stand back and admire without commenting except to say "Thanks" for keeping old iron rolling, but if you're going the restomod route you could pull the Thriftpower out of the bay and stick in a Lima 2.3 and a turbo, have all the power you can reasonably handle in that old chassis, and still get decent fuel economy.
Sort of a poor man's EcoBoost engine.
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Lead or follow. Either is fine.
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