There is absolutely no reason to use E85 in this motor IMHO. Makes no sense. Even on flex-fuel motors it's not a good idea.
Are you going to redo your entire fuel system to resist E85 corrosiveness?
More octane does not mean more horsepower.
From another user:
When you burn a higher octane fuel in an engine than what it was designed for, the hp goes down and fuel consumption goes up, due to the fact the fuel isn't burning fast enough, or completely before the exhaust valve opens and the still burning mixture is dumped into the exhaust manifold. High octane fuels have lower flame speeds than low octane ones.
Ethanol has about 80% of the energy of gasoline, lookup the published fuel economy ratings of Flex Fuel engined vehicles, their fuel consumption is way higher on E85 than gasoline.