I was thinking about which octane people were using in their P5's and I came across this old thread. I have read through every post and I thought I would share some of my observations.
First of all, I've only had my 2003 p5 for 3 weeks or so, it has 25k miles, and this is only the 2nd fillup. My first tank was 87, and it seemed to run fine. I then filled up with 91 and discovered the car is running a little smoother, particularly at 70+MPH. Throttle tip-in is also improved, and the car feels more responsive, but I didn't notice any change in power.
Now, from what I have learned about octane I believe there are some misconceptions on this thread.
One such misconception is that 91 vs 87 octane will somehow damage or foul your engine - I believe this to be patently false. It may not do you any good, but it will not harm your engine in any way.
Another is the nature of the burn relative to octane rating. As I understand it high octane does not burn hotter, or colder, and it is not resistant to ignition. It simply burns a little slower, which retards the flamefront somewhat, allowing the piston to reach TDC and start the power stroke before the flame forms fully. This can be very beneficial for engines that are prone to pre-ignition, especially turbo and high compression engines that can sometimes ignite the mixture during the compression stroke before the spark plug even fires.
Next topic is the formulation of different fuels. One thing you will find is higher octane fuels actually have better additives and generally keep your engine's internals (like injectors) cleaner. For example, Chevron adds techron to their premium fuel, which is one of the best fuel injector cleaners available. So in general premium fuels will help improve your engine's efficiency and longevity by preventing gumming and other buildups if nothing else.
Now, lets discuss engine management systems. This is an area that I have had to do much research into as I was building up my MR2 Turbo. But first lets discuss air/fuel ratios. The optimum (stoich) air to fuel ratio is typically 14.7:1 (14.7 parts air to 1 part fuel), regardless of octane. When the air/fuel ratio is higher (i.e. more air, less fuel) it is called lean, and when lower (more fuel, less air) it is called rich. Lean mixtures ignite faster and burn hotter, whereas rich mixtures ignite slower and burn cooler. Okay, now also consider that optimum ignition points variy from engine to engine based on a number of things, including the air/fuel ratio, air temperature (density), compression ratios, and a number of other things. Most engines fire the spark a few degrees before TDC on the compression stroke because the flame front usually takes a few milliseconds to form, and the more complete the burn the less emissions (better for the environment).
Most modern internal combustion engines today use some form of knock sensing device, and a computerized timing and fuel management system. To put it simply, the computer's job is to keep the engine running as efficiently and cleanly as possible throughout the rev range. Virtually all cars do this via an oxygen sensor and a knock sensor. The job of the oxygen (02) sensor is to sense how much oxygen is in the exhaust. The signal from the O2 sensor is picked up by the ECU (the engine's computer brain) and used to determine how long to fire the fuel injectors (thereby altering air/fuel ratio). When preignition occurs the resulting shock wave or vibration is sensed through a listening device called a knock sensor. The knock sensor is constantly monitored by the ECU. When knock is detected the ECU corrects by retarding the timing, or adding more fuel (altering the air/fuel ratio) or both. In my MR2 the ECU can take out as much as 10 degrees of timing to prevent preignition, and under high boost it can alter the air/fuel ratio from the optimum 14.7:1 to as much as 11:1 (rich).
So, how does this affect the fuel octane issue? Well, simple; if your ECU is sensing knock or preignition it is retarding timing and possibly adding more fuel (running rich). So, if preignition was previously present (even though you don't hear it - the knock sensor does) and you switch to a higher octane, the ECU will sense that knock has been reduced or eliminated and will advance the timing (or stop retarding) and/or lean the mixture, thereby improving power and fuel economy. Of course this assumes that your ECU is currently sensing knock with the fuel you are currently using, otherwise besides the better cleaning additives you will get absolutely no gain in power or mileage. The only way to be absolutely certain is to use a dynometer or some sophisticated diagnostic tools, neither of which are commonly available to most people. Another helpful tip is to pull the spark plugs and examine them. A rich engine will usually have some heavy black deposits. If the engine is experiencing a lot of knock the electrodes and/or the porcelain insulator may be pitted or chipped, but these symptoms are often very difficult to detect with an untrained eye.
There is just one more thing I'll add to this; as your engine ages various carbon deposits tend to form on the surfaces of the combustion chamber, the valves, pistons, etc. These carbon deposits often become hot spots, which can lead to preignition (knock). Another common cause is dirty or gummed up fuel injectors. When an injector gets fouled the spray pattern deteriorates and the fuel mix will lean out and cause the engine to knock and run hotter in the affected cylinder. These are two of the common reasons why some engines start pinging as they get more miles on them, thereby leading people to switch to higher octane to stop the pinging. Although a couple of tankfuls of premium may help clean the injectors and some of these deposits away, it usually doesn't do enough to permit the owner to go back to a lower octane without the pinging returning.
My recommendation is that you all use your own judgement. In my P5 I plan to run a tank of premium every other tankful or maybe every third tank to help with cleaning and to reduce carbon deposits. In your case YMMV. A bottle of techron or similar additive every 3 months may also help, but again YMMV. IMPO if you can prevent these problems from developing in the first place you'll be better off in the long run.