I probably won’t convince you, but have you actually tried it (for an extended period, not just a tank or two).
Here’s food for thought. When you are able to increase power by advancing timing, fuel and air into the engine *don’t* change. You are literally extracting heat energy that would otherwise combust later in the stroke and just get blown out the exhaust. This is how you can get more power out of E30 and race gas than you would otherwise expect, just by advancing timing.
The same thing happens at any load point, not just at WOT. And since you can get more power out of the same fuel quantity, it very much follows that you can chose to reduce fuel (and maybe air, or just run lean) and increase timing to achieve the same power output, even at light cruising loads.
It is rarely explored in aftermarket tuning, but car manufacturers spend thousands of hours on part throttle tuning engines, and the algorithms that monitor for corrections and dynamically add and subtract timing on newer cars are primarily there to exploit that, not just to occasionally make more power.
I can almost guarantee that most cars that are designed for high octane, but readily adapt to low octane fuels will get slightly better mileage (as well as emissions) on high test. The main problem is that it’s subtle, and usually never quite enough to justify the 5-10% higher cost of premium gas.
When it comes to E15 and E30 fuel economy, remember that standard gas is almost universally E10 already, so it’s not as big a jump as you’d think to make up for the lower energy content of ethanol. It just doesn’t keep going all the way to E85 because at some point with high knock resistance, increasing timing in most cases starts the burn too early and you just can’t make use of the higher octane