I have worked extensively with propane both as a replacement fuel for gasoline, and as a potential replacement fuel for diesel.
Propane has an octane rating of 104 (depending on its purity, amount of propylene and ethane, and its origination), has a slightly slower flame travel speed than gasoline, a critical compression ratio of about 13:1, and runs at Stoich of 15.5. Its lean and rich limits are 2.1 to 9.6%. Its ideal operating range is around 6.5% (at Stoich). Its combustion flame temperature is around 3500 deg F.
Evelrod is right about using propane as a power booster for trucks, just ask several vendors marketing the kits now, they have never been so busy! But then, so have diesel engine mechanics, as there have been numerous failures. Some dealerships are instructing employees to look for signs of an installed or recently removed propane fumigation system, and if found, the engine warranty is voided! One interesting item I have noted, this problem is regional, and seems to be more pronounced in the midwest and deep south, possibly due to the concentration of diesel ¾ and 1 ton trucks.
Once propane to diesel replacement exceeds about 15%, the combustion pressures exceed the physical limitation of many engines (when combined with diesel) and can cause pistons to destruct, cracked valves and heads, to burned turbo bearings and seals, and warped exhaust manifolds!
Propane as a fumigation fuel with diesel has its place, but in very small minor fractions of less than 10%, and be knock limited, with exhaust thermocouples monitoring temps.
Regards
franz