Ok, now I see your point. I would like to add to your first point. You said,
1) You will need wider throttle to get the same power, say 7% more airflow, so 7% of the 10% saving is already lost.
The wider throttle opening does result in less pumping losses. This will add a little bit to the savings. I don't know how much but I do know Diesels are a lot more efficient for that exact reason.
On your second point you said,
2) as it burns slower, you need say another 5 deg advance to get peak cylinder pressure t 14 deg ATDC. That means the piston is moving up against a burning charge for 5 extra degrees, all happening when the rod angle is effective at using that pessure to work against the piston moving up. ie it takes more power from the crank to work against the expanding charge on the compression stroke.
If the charge is burning slower you will not have more pressure at TDC. You will have the same pressure as before. It just took longer to get there. The crank angle is a good point, though. The 5 extra degrees of crank angle rotation is happening when the air/fuel charge first sees the spark. The burn rate at this point of time is much slower than when the cylinder is at TDC and after TDC. The added pressure due to spark advance against the connecting rod during those first 5 degrees is probably very low.
Great points. I could be wrong, but that is why I am asking the question.
Just a side note, I don't mind losing power due to a lean burning setup. I'm not looking to make the same horsepower as my stock setup. I don't care about accelerating hard. I'm just concerned about fuel economy. What I don't want to do is loose out on fuel economy because the engine wasn't running efficiently due to the spark advance being off.