It might work real well. Ethanol has about 116 octane. Might work real well. it does not have the BTU content though. There is a reason the race cars down the road run ethanol. A guy down the road rebuilds the engines. He said the compression is about 16/1. This is where ethanol shines. It does not shine in a gas car with 8/1 compression.
The octane rating of ethanol is rather variable upon an internet search. Here is a quote that mirrors yours. Sure your guy down the road does not run methanol?
Ethanol is reported as having an octane rating of
129 (RON) and 102 (MON), with a combined octane rating of 115 ((R+M)/2). Methanol reported as having an octane rating of 133 (RON) and 105 (MON), with a combined octane rating of 119 ((R+M)/2).
I believe the four valve per cylinder with the spark plug in the middle have higher compression ratios. My F150 has a flex fuel badge on the rear. The newer ones might be direct injection I think mine is less hp than the quote below.
The 5.0L V8 in the 2020 Ford F-150 is a naturally aspirated eight-cylinder powerplant from the modular engine line. With its large cylinder bore,
12:1 compression, and high-tech injection system, it generates 395 horsepower and 400 lb.-ft. of torque.
Two strokes the compression ratio can be counted using the volume of the whole stroke or the volume of the stroke once the ports are closed. I would guess that means exhaust port as opposed to transfer port or ports. Kind of have to know which for it to mean a lot.