E-85 on a 360

e-85 will run on any compression....the newer flex cars are not high compression cars...

advantage ...price...runs cooler....can be used as racing gas due to its 105 octane rating
disadvantage.....fuel system needs to be upgrade to deliever about 30% more fuel...carb must be modified to use e85.....

e85 is not corrosive like methanol...

but google e-85......you will find a ton of info