I have a 1969 Mustang with a 351W motor that I would like to be able to burn 100 percent ethanol in. I expect I'll have to re-jet the carburettor; and replace the gas tank, fuel pump, & fuel lines with stainless steel products to accomodate the corrosiveness. Any one have any experience with this or can you refer me to any articles on this type of conversion? Can the cast-aluminum carburettor handle the ethanol's corrosiveness?
I haven't known anyone to do this, but from what I've heard, it sounds like you're on the right track. The only issue you mention, the carb, I'm not sure if that will take the ethanol or not. I'm not sure what else you can do though, since I've never heard of a stainless steel carb. I'd say just try it and find out. Good luck.