I am running a wideband lambda sensor on mine just to see how the mixture is set up on the carb, as I am going to fit fuel injection.
The stock carb (of course they all vary) is running pretty lean on the primary choke, about 1.15 lambda which I guess is close to optimum, but as you get the second choke cracked open the mixture richens very rapidly - it quickly progresses to a power mixture of about 0.8 lambda with any reasonable amount of opening.
So if you concentrate on driving without using the secondary choke you should see a good improvement in fuel consumption, but it won't go so fast.
Ignition timing - more advance generally helps as long as it isn't getting into knocking.
Raise the tyre pressures a bit will help but the handling will be different and will detriorate if you go too far.