You are on the right track with your statement about "enough fuel in the chamber", but you also need to proper octane for a given boost or cylinder pressure.
Alky does NOT give you octane, but does cool the intake charge to allow more boost, BUT only up to a certain point without more mods?
Alky does NOT make more power, but allows additional boost which makes more power. Unless you have substantial experience in "tuning" with alky, or follow a known, proven formula, the results can be devastating. The term "tuning" here means also adding the necessary items for proper fuel delivery at the right time.
Remember, alky race cars require 3 times the volume compared to race gas for the same HP.
As Coach stated it is "easier" to get HP with race gas than alky, also it is MUCH safer to get track performance without issues or damage, and your use illustrates the point.
Pump gas almost every where is crap, here it is 15% alcohol to start, and it is doubtful it is what the octane rating as shown on the pump, especially premium gas which can be a month old sitting in the ground? The only people I know using premium pump gas is GN owners and a few modern performance cars, so with a 3 week shelf life, what is the octane when you put it in your car?
A local GN with a 11 sec. build went to the track this week for the test-n-tune and blew a head gasket at 1/2 track on the first, this was on pump gas.