SuperJ,
Hiperfuels is local here in Houston, so I can get E85. It's rather pricy compared to both straight pump gas and methanol though, so I doubt it will be any more economical for me. Ethanol does have a higher stochiometric ratio than methanol, so gas carbs will probably work better with it.
I do have a CH Ignition kit for the Ryobi, but I really like the simplicity of the glow system on this motor.