No you won't be able to datalog on your car
.
To check the o2 sensor, you can either replace it with a new one, or one known to be working, or buy a little mixture meter kit from jaycar. That will tell you if the o2 sensor is oscillating correctly (and with enough voltage swing) and whether the ecu is going into the correct mode (either "open loop" or "closed loop" - can't remember which is which) when cruising. Or, buy or borrow a afr meter gauge and tap that into the o2 wire. It will tell you the same info as the Jaycar kit.
With regards to the water temp sensor, the manual does tell you how to test it in hot water using a multi meter. If the manual isn't available on this site, it is on the
www.galantvr4.org.au site. Or, replace it with one that is know to be working.
For pressurising the intake, look in the "intake" section of
www.vfaq.com for intake tester.
You might spend alot of time chasing down intake leaks, these will not really affect economy when cruising, only when under boost which is usually not alot of the time.
Another cause for crap "Cruising" fuel ecomony might be dirty or clogged injectors. If the above things don't help much, then it certainly won't hurt to pull the injectors out and have them cleaned and flowed.
Also, check that the catalytic converter isn't clogged up.
If your car takes a surprising amount of time for the temp gauge to show it has warmed up, it might be time for a new thermostat. This could also be causing the ecu to run a bit richer than normal as it thinks the motor is not up to normal running temp.
There are a stack of things which could be causing your fuel consumption and it will take time to work through them all and eliminate the possibilities before you find the culprit.
When you are working out your litres/100 km ratio, are you using the number of litres that you actually put in the car when you fill it up, or just running it til the fuel light comes on and assuming that is 60 litres?