WOW that was alot to take in. What your describing would really be more fitting for a Nitrous system, like a small 25 shot to help the turbo spool. The water is to help cool the intake charge, as well as add some small amount of extra fuel via the alcohol. However off boost I don't think there would be any advantage to injecting any water into the engine.
Thats not so say it wont work, but sounds like alot to do!!!
Jason
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