That brings up a memory of an old heated conversation related to chipping a 14CUX or GEMS motor.
My personal issue at the time was - how can one promise increase in power AND in fuel economy at the same time?
I could definitely appreciate the answer, even if I cannot verify if it is true: Land Rover's approach to requirement to be able to run 85-87-octane gas in the U.S., along with inability to reliably detect detonation in GEMS engines, was to run the engines slightly rich most of the time. So, if one decided to never run anything but 91-93-octane gas, one could in theory use a leaner fuel map and advance the ignition a little. Advancing the ignition would bring some increase in power, and leaner fuel map would offer some economy.
The indirect confirmation to this explanation is in better gas mileage of vehicles with the similar powertrains (3.5-4.5L v6/v8, 4-speed auto with lockup TC) and of the similar weight.
Another indirect confirmation is in my recent Baja trip which included running a full tank of 85-octane gas in the Classic. I could not tell if there was any loss in power - and I remember clearly feeling the difference in an old 240 and newer XC70 Volvos.