Ideally you could test you engine on lowest octane in worse detonation conditions, how ever you may detect that early w/o damage, then work up octane til it don't knock or ping or clatter for max power play. When not with higher octane then just use throttle smarts till detonation protecting inside again. Almost every chemical that helps resist detonation by compression/heat also delivers less heat pressure per unit of mix burnt. Oil or kerosine fuel is famous in diesels for power per unit but also as famous for knock of compression ignition.
Ms Peel is set up for fast burn small chamber, big squish bands and 3 sparks in a row, so will have best of both worlds, normal operation on plain 87 oct then add water instead of fuel for 116 oct yet not reducing combustion pressure as plain octane molecules do or richening up to stifle combustion pressure.
There is a bit of sliding scale as often more torque pressure made with more advance spark but that rises peak pressure at TDC zone of detonation, so engines that have high enough CR to take adavantage of hi octane can squeaze more mileage out on hi test and lose some on low test d/t having to retard to avoid bangs.
The PowerArc guy sold me on his kit after telling tale of Hot Harley none of the fancy ignitions could prevent detonation even on best gas,then put in the Powerarc and it worked, then told go try cheapest gas for owners pleased surprise report it made even more power w/o knock/pings. Peel could see 17 effective CR with boost on top of 10.5 static CR. Fast burn chamber and fuel don't need as much spark adv so less pressure to TDC but more just after.