paul . you should get between 26 and 36mpg , the higher figure will require you driving at 50mph as this speed in 5th gear is when the turbo isnt under much load and not adding a lot of extra fuel .
another factor depends on what tyres youre vehicle has fitted and what diameter they are compared to normal fitment tyres .
a vehicle fitted with 205x16 tyres will show higher MPG than one fitted with say 7.50x16 tyres .
i think the standard tyres for a discovery are 235x75x16 and with these youll get correct mileage figures and speedo readings ..
some owners fit different sized tyres and then this will alter readings from the oddometer in one way or other .
with the 300tdi , when the turbo starts pulling it adds extra fuel along with normal injection and this can have a marked effect on fuel comsumption if you drive with the turbo pulling hard all the time . if you keep the revs lower and drive at around 50-55mph thats when you see best mileage figures .
some people play around with the fuel metering levels on the injector pump and if yours has been turned up to increase power it will reduce fuel economy .
on my 300tdi i backed off the fuel metering and gained an extra 4mpg , i have the metering set a little low as it wont accelerate at low speeds [below 25mph] ] in 5th anymore and i have to drop gears but i have no black smoke out of exhaust even when floored in 5th gear going uphill .
the turbo fuel metering can be adjusted by rotating the diaphragm at top of injector pump and the fuel metering can be altered by a screw at rear of pump .
it is unlikely youll need to adjust the fuel metering unless you have serious problems left you by previous owners attempts at a performance diesel tuneup for all out power .
to measure fuel economy easily use a GPS and check youre speedo against it over a short trip , say 10 miles or 100miles , then you can determine how much the speedo is out by and work out a correction factor if youre speedo is out a little .
on a trip to work with mine i have say 10.2miles reading on the speedo and 10.9 miles on GPS track , approx 7% lower mileage on oddometer than ive actually done , hence i have to add 7% to my oddometer readings when calculating MPG figures .
i use non std 7.50x16 tyres and they are mud terrain type with new tread and somewhat larger in diameter than original tyres were that were fitted .