Best I ever did on the 2V was 17mpg and that was on old plugs and tires on a really really long road trip.
At the expense of a little MPG, I would not run 5w20. My 5.4L used at least a quart of oil between changes and had a slight tick before I switched to 5w40 (yes 40) Rotella T6. Nice and quiet, runs smoother and still fires right up in 20 degree weather.
Best things you can do for these huge trucks is free up the exhaust (not cheap), electric fan, make sure all your accessories spin freely (no boogered idlers or whatever), tires are right on the edge of being overinflated, alignment is good at all 4 corners and you are up on all the routine maintenance. Even then you will be lucky to see 18mpg on the highway. Just part of the territory. Not like my buddy's 07 GMC full size pickup that gets 24mpg on the highway with that cylinder shutoff motor... grumble...