On E85 subject- Sure does and beats the hell out of the price of C16 Race fuel.
Some examples -

http://www.youtube.com/watch?v=Jt7pv...der&playnext=1
&

http://www.offshoreonly.com/forums/e...ator-25-a.html

Modify this one to run on E85
http://www.offshoreonly.com/classifi...o42856-en.html
and it might almost be affordable to run it for a day.L.O.L.

If the effects of ethanol are not so bad as those "people" are saying, then why do Mercury's and Volvo's testing results show pretty much exactly the opposite. I think a lot of boaters here on OSO should read those recent results and get "educated on ethanol". The question of a substitute for race fuels is not really the issue here considering 99% of all recreational boats do not use race fuels!
Eventually the real problems of ethanol especially E-85 will sink in to most of this group of boaters and then they will cry like babies - why didn't anyone tell us! ???

Best Regards,
Ray @ Raylar