Thanks everybody! There is great knowledge there, and absolutely great to hear what people have experienced.
As I wrote in start, right now I'm not going to build complete engine, but only changing to ethanol. Was thinking, if there is a way to overcome lower energy content. Well, there is no an easy way, if any way at all.
So, for now I'll stay n/a and try to avoid burning any oil based fuels, as they are mostly from our eastern neighbour which I don't want to fund for their latest acts. I'll burn happily local brewed booze made of side streams of food industry, even if my mpg dropd to somewhere around 30.
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