Newer motors have fuel injectors and sensors in the exhaust gas. Therefore they can handle ethanol (C2H5OH) because prior to the development of electronic fuel injection (EFI) and computerized engine management, the lower energy content of ethanol required that the engine’s carburetor be rejetted to permit a larger volume of fuel to mix with the intake air. Older engines have carburetors. Electronic Fuel Injection is able to actively compensate for varying fuel energy densities by monitoring the oxygen content of exhaust gases. However, a standard EFI gasoline engine can typically only tolerate up to 10% ethanol and 90% gasoline. Higher ethanol ratios require either larger-volume fuel injectors or an increase in fuel rail pressure to deliver the greater liquid volume needed to equal the energy content of pure gasoline.
So....if you have a carburated engine you may have more problems with an ethanol mixed fuel, than you would with fuel injectors. If the mixture of ethanol to gas goes up....say over 10%, then even newer fuel injected engines will have issues because of the overall lower combustion properties.
Personally....I am waiting for H2 (Hydrogen) compatible outboards......zzzzzzzoooooooooooooom !