Ami V8 and ethanol

Moin people, I have a question, and I have already milled myself through the forum for a few hours and would like to try one of my V8 Fords (see Sig) the admixture of schnapps. Is there actually in ethanol operation for large volume slow turning machines compatibility advantages or are small motors better off? How should I handle it? I also have a small Omega 2.0, C20NE, what does it look like with this. But most of all this would interest me because of the Americans. Thank you.