The suggestion for setting timing is good but may not be sufficient. Your distributor is calibrated for EGR; if you disabled that system you need to rebuild your distributor with the weights, springs, and vacuum-advancer from a pre-EGR 200. Not a bad idea to go through a distributor that old in any case, and it's an easy job.
I think the alcohol blended gas won't hurt you car as long as it is your daily driver. Gasohol is bad in engines that do a lot of sitting, such as pleasure boats, chainsaws, garden equipment. And it wouldn't hurt them if the fuel system was drained at the end of the season. As Boyd can tell you, 90% of small engine problems are fuel related. Most of the bad reputation two-strokes have comes from their owners not draining and maintaining, which is really pretty simple to do.
I disliked the sniffy tone of the Consumer Reports article (CU is always sniffy, because they are critics, and never had to build anything themselves), which dismissed ethanol as not being the solution to our energy problems. Gee, no kidding!! THERE IS NO SINGLE FIX FOR OUR ENERGY PROBLEMS; ALL COMPLEX PROBLEMS ARE SOLVED BY A COMBINATION OF MANY SMALL FIXES.
However, they made one very good and not widely appreciated point: given the comparatively small volume of ethanol likely to be produced, we as a country can replace gasoline with ethanol just as well with E-10 as with E-85. Think about it.