Only if the original design was a really bad and inefficient one given the better designed cars 40+ years ago were doing that fuel milage with all mechanical injection on far larger and less aerodynamic vehicles..Diesels get cleaner when they raise their efficiency. That's how you get clean running diesel cars that get 45 MPG.
To be honest most modern electronically controlled emissions compliant ones can pick up a good deal more efficiency by dirtying them up a bit and its not really much of a secret.
I for one have worked side by side with they guys who work on big truck and industrial and farming engines and I have seen first hand how a bit of detuning of the emissions made some surprising improvements on engine power and fuel burn rates.
Its similar to how a plastics manufacture will tell you how great their products are but its the reality of those who have to work with it every day can tell you whether its as good as the say it is.