You bring up a good point buickanddeere. I haven"t run the numbers but it depends how you use the truck. So the answer for every user is a different.
If you need to pull a heavy trailer regularly, then you need the capability of a big truck. If it"s diesel powered it will most likely have that capability with something like aa 3.73 rear axle. If you try that with a gasser, the rear axle is most likely a 4.11. Now for the times you aren"t pulling the trailer and just cruising down the road you"ll have the pretty poor fuel mileage with the gasser. When you pull the trailer the gasser will probably be about 50% worse. My "99 Powerstroke running above it"s rated weight limit pulling a GN flatbed with a NH TD95D tractor with loader through mountain country from Hagerman, NM (near Roswell) to St. Ignatius, MT and got 11-12 mpg. I would have gotten about half that with a gasser. Unloaded, the truck gets about 18 mpg. So if a guy is always pulling a trailer with the truck, it might pay off to get a diesel. If you"re not ever going to pull a trailer than a small block gasser is the way to go from a cost standpoint. If your in between then it just depends.
I need the capabilty to tow up to GVWR(20,000lbs) and that drove my decision re garding the truck and the fact that I"d have had to get the gasser 460 with a 4.11 to even tow that weight. That coupled with the fact than when I bought the truck, diesel was ~15-20 % cheaper than gas. I didn"t do a full blown analysis of the initial cost of the diesel over the gas and the fuel maileage advantage of the diesel over gas and the extra maintenance cost of the diesel over the gas and the fuel price difference of diesel over gas but given the known economics at the time cowboy logic said the diesel would pay off. I"m not so sure that would be the case today with difference in diesel fuel price.
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