Dave
Yes, that is about right. I have had 2 trucks with a 3126 Cat motor in them and they both ran at 2200 rpm's at 65 mph. As far as fuel mileage it can range from 8.9 to 12 mpg it depends on how fast you run, and what rear end you have in your truck. Mine has 373 rear ends. Another thing is how heavy your truck is.
I think if you keep up on your PM's, this is a great motor to have. Mine has over 700,000 miles on it. I have used Lucus motor oil with every oil change since day one. I change the oil every 12,000 to 15,000 miles. Keeping the service up on your truck is the name of the game. You have to spend money to make money. Remember "most people don't plan to fail, they fail to plan" that's what I live by.