In theory it should make only slight differences. We have been running ethanol oxygenated fuels here in Denver Longer that any city in the U.S. (since the 1980's) and it would take some carefully controlled tests to pin down the differences. I personally found that engines tended to run a bit better in the winter time on the 10% blend than they did on the summer blend but is was a very very small difference.
Ethanol has 72% of the energy on a gallon for gallon basis as gasoline, but it is capable of generating more power. At 85% blend you find in E85 the typical difference is 5% -8% increase in power with proper jetting.
At a 10% ethanol blend the fuel energy per gallon is down 3% compared to gasoline, but the following study shows the performance does not necessarily track with fuel energy content due to other effects.
http://www.ethanol.org/documents/ACEFue ... dy_001.pdf
At a 10% blend you have increased the fuel oxygen by approximately 3%. In tests done back in the 1970's this very slight leaning was detectable, on a wideband and accounted for the improved emissions of the typically rich mixtures run at that time.
In modern tests the results are mixed at 3% oxygen added the increase in power/torque is just detectable but varies from car to car based on the compression ratio, timing maps and fuel mixture. The presence of the ethanol will increase the evaporative cooling of the fuel in the intake manifold (one of the sources of improved performance in spite of the lower energy content per gallon). It will also slightly reduce the work the engine does in compression due to the higher cooling.
In tests run at Univ. of Michigan, ignition advance for the ethanol fuels is essentially identical to normal gasoline, but due to higher octane in the higher blends like E85 many can get away with higher ignition advances.
You may want to add a couple degrees of timing and see what happens.
You may also want to replace your fuel filters. Ethanol is a very effective fuel system cleaner and when we made the conversion a lot of cars plugged up fuel filters until they got all the varnish build up out of the system from years of running straight gasoline.
I currently am running 3 different cars on high ethanol fuel blends. One has been converted to E85 and the other two run from 30% -50% blends of E85 and gasoline. If its tuned right for the fuel you should see no drop in performance only a slight increase in torque, and power with a bit cooler engine temps.
Larry