A colder burn will actually reduce power. The more heat created in the explosion the more power it will make. Methanol actually burns much much hotter than gas, but has a lower heat latency, so it is much cooler going into the engine, but once it is ignited and burns the flame front is much hotter than gas producing more power.
It will gain you nothing at all to run any race-gas mix unless you need it. (i.e. higher compression, higher timing, etc) It is basically the same stuff as pump gas with a higher octane rating. There's no hidden power in the fuel, it just resists detonation better. The engine setup that requires you to run the race gas is where the power difference is coming from, not the fuel.
- Jared