Personally I like Alcohol as a fuel.
The good:
-on the motors we run (355 SBC and 505 BBC) both are injected
-likes compression
-runs cooler (we run hard block in ours)
-seems to have more consistancy with weather change
The Bad (or not so good)
-between race maintence (alcohol is hard on aluminum) on the SBC we drain everything and WD40 the pump, nozzles, barrel valve and cylinders, on the BBC I run an additive and draing the fuel if I am not racing back to back weekends
-used to have a problem starting on a cold day. We built a couple of gas priming systems and have no problems now
I think the pros of running it out way a little maintenace you have to do