"Pat, wouldn't you think that if one is shooting for max fuel mileage, there should be no high load component ?"
For the best (lowest) BSFC, you want the engine operating very near its maximum load, and typically at its peak torque. For any lower throttle setting, the engine will perform less efficiently (power produced by the engine is lowered, but all of the rotating friction losses are still there - think of an engine at idle speed, barely producing enough power to keep rotating, but still burning fuel: its efficiency is pretty much zero).
Unfortunately, most of us like to drive cars that can accelerate hard enough to be at freeway speed at the end of an on-ramp, thus the peak power we want is quite a bit more than is required for "cruise". Thus, we have systems that shut down part of an engine (one side of a v-8) or reduce pumping losses (Toyota VVT), or hybrid systems that use stored electrical power to provide acceleration, while the IC engine is sized for the cruise condition.