In reading these threads, it seems much is made of the latent heat of vaporization of water, as if it is some magic energy source that can propell you down the road faster. All liquids possess a latent heat of vaporization....by definition it is the amount of heat necessary to change a pound of the substance from the liquid to the vapor state. For water this value is approx 1000 BTU's per pound of water.
If one pound of water is exposed to a dry air mass, and if that water entirely evaporates, then 1000 BTU's will be taken up by the water. The 1000 BTU's comes from the air mass, and conservation of energy requires that the air mass temperature drop to reflect this loss of heat. This is the principle of evaporative cooling. When the air mass reaches 100% relative humidity, no more water can evaporate, and no more cooling of the air mass occurs.
Water does not burn, I.e. liberate energy by combining with oxygen....it may dissociate at the high temperatures in a combustion chamber to H and O, but dissociation takes energy from the combustion, not imparting energy to it. If re-combination of the H and O occurs, the hydrogen burns, giving back the energy dissociation robbed from the process.
a mixture of methanol and water provides both cooling and a source of combustion energy, but due attention must be given to maintaining the stoichiometric ratio ( we have been through this before on this forum). The admixture of a combustible substance to an otherwise stoichiometric air/fuel mixture necessarily richens the ratio.