Straight ethanol has an octane rating upwards of 110 ron, so you can run higher compression levels and more advance to make up for the drop in btu.
Ethanol will break down many of the seals in an engine not rated for it, this extends to oils seals via blow by.
http://iqlearningsys...mpatibility.pdf
If you rebuild your engine to take ethanol there's tuning benefits aplenty. But it's not an easy route. 10% probably won't do much harm though.
Edited by 69k1100, 13 October 2014 - 10:44 AM.