Thank you squid, thats a great idea.

To clarify about using water in alcohol and gasoline:

First off, the engine that got on drop of water in it and didn't run was because most gas filters will not pass water through them. So the water blocked the gas the same way a piece of dirt would. They did use water injection on planes and cars to help reduce detonation. The injection system was separate from the fuel delivery system.
Gas and water do not mix at all. They can be sprayed into the engine separately.
If you decrease detonation in a high compression engine, you can then bump up the timing, and make more full throttle power. That is the purpose of doing that. More power in a warbird means you can climb higher and get away from the enemy, and more power in a car means you can lower you 1/4 e.t.'s. Too much water is needed to make it practical for everyday use.

Second, the article ion the magazine about adding water to glow fuel, was to dispell the myth of "once glow fuel gets water in it, it is no good" That test was made with 15% nitro I believe. You might not get the same results with straight up menthanol. For some reason he got more rpm's with 20% water, probably because the engine was running cooler. If the water was not mixed perfectly even, then I would suspect that you would have some "flame outs" on the glow plug. Maybe all his engine needed was a cooler glow plug to achieve the same results. It was also an old engine, that may have recieve compression increase from the water? That one test was not the end all to water in your menthanol. There is more to that story I am sure.
I'd be willing to bet that most people would not like to take that chance with there $1000 planes.