Again ... testing the sender and gauge will tell you a lot about the accuracy of that circuit.
There are a few other methods of testing the accuracy. One, that would consume more of your time would be to completely drain the tank. Obviously, the gauge should read EMPTY.
Have someone sit in the car to watch the gauge. Then start filling the tank in one gallon increments and note the gauge location and when the reserve light ceases to illuminate. There's your amount of reserve capacity in gallons.
Next, drive a short distance to the gas station and fill your tank. Take note of how many gallons it takes, and what the gauge indicates.
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Another method ... When the low fuel light illuminates, immediately pull into a gas station and fill your tank. Take note of how many gallons it takes. Subtract that amount from 16 gallons (or 16.4 if you fill to the very top). The answer is the amount of reserve capacity.
While performing either of these on-road tests, you might want to carry a 2 or 3-gallon gas tank in the trunk just in case.
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Also, as for fuel consumption, here are a lot of other variables that can affect your mileage. What are the specifications of your car?
Displacement
Induction system
Tire size (and tire pressure)
Alignment (heavy negative camber etc.)