e85 is named for the 85% ethanol to 15% gasoline it is advertised to contain
during winter months in cold areas it is still labeled as e85 but is actually e70 with 70% ethanol
ethanol does not have the corrosive properties of methanol so many have made the swap without issues with corrosion
stoich for gasoline is 14.7 and for e10 which is common at the pumps in most areas stoich is 14.13
stoich for e 85 is 9.87 so around 32% more fuel would be required in comparison to straight gasoline without ethanol. so your fuel delivery system needs to be capable of delivering this extra fuel and then you need to meter it !
I have been studying in preparation for using e85 on my platform and plan to phase it in starting with 20% e 85 so you can also blend e85 with gasoline. Some areas have blender pumps where you can choose your own ratio of e85 to gasoline so its an acceptable practice
e85 is around 105 octane but the octane rating varies. beyond the high octane it provides a much cooler intake charge , on my platform non intercooled cars that would typically run mid 13's with the mods in place are able to pulley down enough to get in the 12's without intercoolers