For 85% ethanol, I would use a fuel system rated for both 100% methanol and 100% petrol so far as seals and corrosion resistance goes. For corrosion resistance for a daily use fuel system components, I think the tank should be stainless steel.
Petrol needs about 14:1 a:f ratio.
Ethanol needs about 9:1 a:f ratio, so you need bigger jets or injectors or nozzles, lines, tank, filters, fuel pump etc, depending on required range and how engine is equipped. By fuel metering device I meant carburettor or fuel injection.
Use oil designed for racing with methanol fuel.
Regards
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