Mountain Horse brings up a good point, that is easily looked over. The MON (motor octane number rating) is the only # that matters. Not sure why any of the fuel companies even use the Research Octane Rating averaged with the MON, to come up with the name of the Fuels. No one I know, burns race gas in a lab for the heck of it. That said, pay attention to the MON!
I would suggest starting out using straight 110 and get the sled running where you are happy with it, and confident that you have no motor issues (detonation particularly). After that, you can start weaning out some of the race gas. i.e. run a tank of 7.5 gal race and 2.5 gal premium. See how the sled performs, and check plugs, piston wash, etc. periodically through the tank. Obviously, if you have concern that something is wrong, go back to more Race Gas.
Running full race gas is going to do nothing other than possibly kill spark plugs a little faster (use the iridium plugs and won't be as much of an issue). It is true, that using more race gas than you actually need, will make your engine perform slightly worse than if you run the exact perfect octane for your motor, elevation, conditions, etc. but ever so slightly. THis is snowmobiling, not drag racing. The Parameters change constantly while riding. I personally use full race fuel. That gives me the peace of mind to be able to go to a higher boost pressure without worry, and peace of mind that I am not damaging my motor.
I also understand that the stuff is expensive, so if that is the main reason, than maybe try slowly weaning it down like I suggested earlier. I would be surprised if anything below about 50/50 doesn't harm your engine, though. I have heard a few on here say they run a gallon or two of RG per tank, but that seems very risky to me.
Good luck, hope everything works out for you!