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I've been running Snow performance's methanol kit since I dropped the blower in my Stang. Works very well, never anypre-detonation and I noticed a few ponies even before I advanced the timing. After the timing advance I noticed a whole bunch of new ponies. There is a write up in the December 5.0 Mustangs and super fords mag. It will answer alot of questions for you.
Methanol is awesome for keeping the charge temps down. It's good for everybody really butthe guys who would notice the biggest gainsare the ones running non intercooled FI.