...There are a number or reasons we run alcohol in our water injection systems but what we rely on is the water itself. (Alcohol reduces the weight of the fluid, important in some turbo apps where we have literally bent the impeller blades from fluid weight but also adds to the cooling effect)
Water also cools the charge air and combustion process, but it also produces power by its very nature. Water expands almost twice as much as fuel when heated/burned and is a distinct advantage in racing. There is no single benefit to running water injection, there are several...(is why if you get caught watering your alcohol in NHRA you may as well go home)
We have also documented 10-15% cooler air charge numbers when running alcohol/water mix (50% mix)pre turbo. We use this as a poormans intercooler. The alcohol also lightens the weight of the fluid hitting the impeller blades of a turbo. (8.3lbs for water, 6.5 for alcohol) This is not much of an issue for street apps but when racing, it is a big deal. Racing calls for everything in excess
We had the first alcohol dragster to hit 200Mph at Denver mile high in NHRA competition. That car also brought about a few of these new NHRA rules... (no good deed goes unpunished)
While everyone was running roots blowers, we were running turbos in various configurations. After we got it to work, they made new rules...