Well, I see there seems to be a battle regarding this issue. I certainly don't disregard your vast experience, but at the same time, you can't disregard numbers.
You are right in saying there may be no HP when dyno'd. My question is how the test was conducted. All most all dyno's I have heard of are done with the peddle buried. I wonder if there's a difference when normal driving habits are considered. Are dyno runs measured in this same capacity?
Anyway, all I know is that I spent the last year and a half using the average miles per gallon reading on my 4runner. Even if it is highly inaccurate, I can say that it is likely consistent. The reading I was receiving before the TBS was considerably lower than after. Where there is a rational explanation for that, I don't know, I am not an automotive engineer. What I do know is that I am using a consistent measure tool.