THenningson,
I recently had the axle ratio on my 47RE auto transmission equipped 2001 changed from 3. 54:1 to 4. 10:1 at Randy's Ring & Pinion in Everett, WA to make towing a heavy (and draggy) travel trailer more pleasurable in hilly or mountainous terrain.
Without the travel trailer and the 3. 54:1 axle ratio, my truck averaged about 21mpg with mostly highway driving. On one trip last summer in central Oregon, I averaged 24 mpg. The 3. 54 gears were great under almost all driving conditions up to including medium loads, but not so great with the travel trailer.
With the heavy travel trailer in tow at 60mph, the engine rpm in 4th gear was just too low for anything but towing over level terrain without a strong headwind. The slightest incline forced downshifting to 3rd to keep the EGT's reasonable. On one particular trip where I towed the travel trailer through the Columbia River Gorge, I had to keep the truck in 3rd for hours due to a strong headwind. Towing in 3rd gear at 55 to 60mph with that nasty headwind, the fuel economy was around 10mpg!
My truck now has about 700 miles on the odometer since changing the axle ratio to 4. 10:1. I've recorded about a 1/4 to 1/2mpg drop in fuel economy when operating without the travel trailer. I haven't yet taken a trip with the travel trailer since the gear change, but I anticipate the fuel economy may actually be better than before.
The truck also has noticeably more "pep" with the 4. 10:1 axle ratio.
Regards,
JAL