Regardless of ethanol settings and performance, ethanol's impact on fuel systems is much more negative than positive - it attracts moisture - which leads to corrosion anywhere it sits in your fuel system in contact with metal. It may separate, leaving nothing but water on the bottom of your tank, sucked up first, and low octane crap gas on top layer. It can be treated, Startron, e.g., to help reduce it's negative attributes. If you have access to non-ethanol, there is absolutely no reason to use ethanol.
For small engines that are not run regularly with fresh gas, or people who want to keep their small engine for more than a few years, it only introduces potential problems.