I've run methanol in AMA Superbikes with no problems once jetted. I mixed my fuel 80%methanol, 20% tolulene and 2oz marvel mystery oil per gallon. Bike ran marginal on cloudy cool days but, hot/humid 85 plus weather look out.
Have not run U2 in my K5 but, VP C12 is off the hook once jetted for it.
Good luck
I was gonna bring up Marvel Mystery Oil... we run methanol powered Sprint Cars (1375 lbs with driver and 927 horsepower).. the power to weight ratio is killer!
Anyway, it's a MUST to run Marvel through anything that had Methanol in it an stored for any short/long period.. If not, it WILL get a calcified look to it.. We also add a top-end lubricant to every drum of methanol, but, I suspect that would not be necessary with two-stroke mixture..
And, everyone is correct - the smell is to die for! Just don't smoke around it - you'll not SEE the flame but you d**n sure will feel it! (personal experience talking here)...
Mark