Economical driving depends on what part of the actual driving do you mean.
You accelerate with full throttle using gears so you stay around the peak torque revs -> least amount of fuel mass / kWh -> the best efficiency.
Maintaining constant speed should be done in the highest possible gear that the engine is comfortable running in, this usually means 1000 - 2000 rpm below the torque peak.
With a "modern" engine, decelerating should be done by coasting in highest possible gear that keeps you above the rpm range that enables fuel injection again (usually 1500 rpm). While coasting, the lower the revs, the longer you get zero fuel consumption. With a carbureted engine I guess it's irrelevant (or less significant) whether you coast or change to neutral.
Using the brakes wastes the kinetic energy of a car, energy that has been produced by burning fuel. Surviving on the road without using your brakes all the time means you have to learn how to keep a safe distance to the car in front, and continuously observing what happens around you so you can be prepared to lift off and slow down by coasting instead of wasting the energy by heating your brakes.
Of course there are situations where you actually need to brake, and brakes in general need to be used for them to stay in good condition..
Other notes: a car that weighs around 1000kg and takes 10 seconds to decelerate from 160km/h to 150km/h has a Cd*A of around 0,25. Even less if you use engine braking to slow the car down. By comparison, a Mitsubishi Eclipse from late 90's has Cd*A of 0,515.
Toyota VVT-i doesn't have different cams, it just has an adjustable intake cam pulley.
:twocents: