I always heard the "higher octane, lower energy" rule explained as higher octane fuels being further refined vs. lower octane, and of course you can't refine more energy into the fuel, you can only reduce it. If they're increasing octane with different chemicals rather than refining, that could be out the window.
Either way, higher octane than required doesn't help anything at all. An engine is designed not to knock on "x" octane gas, and unless you alter effective compression, there's no point in exceeding it.
Ethanol is stupid as a mass-market fuel. But, I used to have a WRX that I'd run half premium and half E-85 in at the dragstrip. Poor man's unleaded race gas, if you've got the fuel system to spray enough of it!