I'm still looking into the gas mileage issue with this car. The parking brakes are troublesome, but even though they're not working very well, they don't seem to be dragging. However, there's a LOT of rolling resistance in the rear axle. With the trans in gear, it's very difficult to turn either of the rear wheels. I know that's supposed to be a LS diff of some sort, so that might account for it, but I don't know. I haven't been able to test it from the drive shaft because I haven't yet had all four wheels off the ground at the same time. The fluid was replaced in this diff with Redline synthetic about 20K ago. (I may drain that and refill with the Mobil 1 75W-90 with friction modifiers for LSDs.)
The other thing that struck me as odd was that the rear wheels turned in opposite directions when turning one of them. Other LSDs I have experience with have always caused the wheels to turn in the same direction. But then I don't know what kind of LSD is in this car, and all of this might be normal.
For reference, it takes around 70 lb-ft of torque to turn either wheel with the drive shaft held still. That seems like an awful lot to me. In contrast, I can turn either rear wheel of my 540 (non-LSD though) easily with one hand. Same thing with the '89 535 that did have an LSD. Turn with one hand, rotate in same direction.