To run a car on Premium fuel (anything over 95 octane) and see good results you need the compression ratio to match. The higher the octane the less likely the fuel is to be prematurely burned by engine heat. The higher the compression the hotter the engine gets. Also I think old leaded fuel used lead to act as a coolent and prevent the heat of the engine effecting ignition timing.
I've also remember reading somewhere that the octane rating isn't the be all and end all. The ethanol rating is also important. Eg tesco momentum has the same octaine rating as shell v power. But shell has a lot less ethanol. If I remember correctly.
Basically if your running a high compression. Highly tuned or forced induction engine it will make difference to power. If your engine isn't highly tuned it will probably make it slightly more responsive and slightly smoother. But for best results you want your carb turned to match the fuel.
Also on a side note I believe there is a difference between winter fuel and summer fuel. Also modern petrol with all the additives can "go off" quicker than petrol of old. This shouldn't effect minis as much as modern cars with plastic fuel injection components. Basically what I'm saying is if you drive the car 10 miles every other weekend your probably better off trying to top up a little when you need it.
Edited by lapider, 07 March 2016 - 07:06 PM.