I don't have the time to look it up right now, so I'll ask.
How many planes could, in real life, cruise around at military power all the time without overheating? I know many if not most of the liquid cooled planes could not, I'm not real sure about air cooled radials.
The point being that I think the fuel modifier is a good idea and should be set to at least 1.5, and 2 seems to be a lot better. But that does not stop some planes from flying at military power constantly, which I know in many cases is entirely unrealistic.
But rather than allow planes with less fuel capacity to carry a greater percentage of fuel when fuel is restricted I think it is more correct to prevent planes from flying at military power when they should be at cruise.
And I like Pyro's suggestion that fuel porking be severely curtailed. But rather than FORCE a limit, I'd rather see it made more difficult to actually damage or destroy fuel supplies.