I get a pretty consistent 23mpg in mine on my commute (mostly freeway @ 60 - 75), running QT fuel. In city traffic, it's more like 20, though I avoid the heaviest traffic because of my slightly offset schedule. I know not everyone gets as good with turbo Bajas. When I lived northwards (COLD), it'd go down to 18 in the winter, especially with short trips.
I've put thousands of commuting miles on mine on 88 octane fuel with no ill effects whatsoever. It'll pull timing like crazy if you try to make it work hard with that octane, though. Now that I live where it's super-hot, and no longer high elevation, I put only 91 in it. For commuting, I'm quite certain it'd still run fine on 88, but traffic sometimes dictates that I put my foot in it.
As was said, you won't be able to see inside the engine through the filler. I'm not sure there's a good (quick & convenient) way to see inside, actually. <shrug>
I don't know about the right-side valve cover gasket getting cooked, either, as I don't have that issue. Lest anyone should think I've never worked my trucklet, I have. I used to tow an over-max-rated trailer up into and over the mountains for hours at high boost. The stock cooling system isn't actually up to the task of pulling even max-rated weight, even at ~80 degrees. I had to go to 90% water for summertime towing, and even then I sometimes had to back off. I tried 'alternate' ECU programming to try to combat that issue, too, and while that worked, it had some drivability side effects I didn't like, so I went back to stock.