I have 187k miles on my 2000 XJ, with the original oil pump and still have 45-50 psi. Water pumps go out like any on other belt driven water pump. Your mileage is definitely low, tune up and fluids/t-stat change is always good on a rig which you lack the maintenance history.
Pretty sure the factory T-stat is 195*, running a colder Tstat than stock in the 4.0L will reduce mileage because the computer will stay in open loop and be delivering more fuel that needed.......which long-term can also damage the cat.
I average 17 mpg on the freeway with 4:88 gears, 6" lift and 285/75/16 tires, FWIW.