Tow hall doesn't Merritt using overdrive. The low rpm and slight lugging of the engine cause transmission to overheat on the highway. You're better off to run higher rpm in 7th gear and if it's not needing the power so much then your MPG should remain the same in 7th as it would lugging in 8th. Just as acceleration in tow haul is longer use of individual gears using the engine and rpm band to bring you up to speed and keeping the torque converter locked rather than soft short shifts with a lot of riding the torque converter to feather shifts and rpm deviations creating a smoother ride.
Unless you're pulling a small trailer, flatbed, under 3000-4000# and low wind resistance in which case tow/haul would not be necessary.
Any enclosed trailer, camper, high profile or loaded deck trailer that has any significant size to it use the tow haul regardless of rpm's at highway speed. Regardless a larger trailer should not have any significant MPG difference in 7th rather than 8th with the exception you're not burying your foot to stay at speed in 8th essentially using the same amount of fuel.