i'll get in here before this gets locked...
really, the ethanol isn't necessarily what's eating the rubber components. yes, ethanol is a bit hard on *some* rubber... but the other additives in modern gasoline are more so.
on a positive note: ever notice what the octane is of higher ethanol content gasolines? yeah... it's pretty high. E85 (85% ethanol) is 105 to 107 octane (depends what makes up the other 15%).
Ethanol is a cheap* octane booster
*insert whatever political rant you like here about subsidies, etc...
i'm building my 12.5:1 sporty motor to run on just E85 and a lot of ignition advance.
it'll f'ing haul ass.
i've also upped my jets ~35% and run E85 in my '67 11:1 xlh with a ton of advance. torque monster. (bitch to start, though

)