methanol is funky stuff, needs treating with a lot of respect tho
its really good at poisoning you, as said it will corrode metals esp aluminium, and blending lots of it with petrol and running it in a std car will end in tears, petrol burns with a stoch AFR of 14.7:1 methanol about 6:1 so you end up makeing your engine run lean.
really need a separate tank and 2nd set of injectors just for the neat methanol. also get big problems with alcohol and petrol blends when they get wet, only dry alcohol will mox with petrol if theres any water in there it won't, as for efficency it's not as bad as youd think ethanol contains more energy than methanol ( but methanol is cheep ) but alcohols lend themselves to highe compression ratios so naturaly helps thermal efficency. downside is in winter neat alcohol don't vaporise very well so starting is intresting