It has nothing to do with cost of 93 octane or to resist detonation or get maximum performance. Here in central Florida we have a tremendous amount of humidity year round. Ethanol gas at 10% just sucks the humidity (water) right out of the air and water is extremely bad for the fuel injectors and rusts internal parts. Also, ethanol turns to varnish in a short time and gas stabilizers don't help very much. I would use ethanol fuel at 91 octane if I burned most of the tank in less than a month but that is not the case.
My Sea-Doo 180 Challenger/SE 2008 operators guide, page 69, states to use in North America 87 to 91 gasoline containing a maximum total of 10% ethanol or methanol or both and that is for a 215 HP Supercharged intercooled Rotax engine. Also, many gas stations have tested to have as much as 15/20% ethanol plus H2O. Not to change the subject but my new Ford 150 V-8 5L, 360 HP is set up from the factory to run Flex Fuel 87 octane up to 20% ethanol. I use the Ford daily and fill up weekly.
The 89 octane, ethanol free gasoline is right in the middle of recommended range and cost $.75/1.00 more per gallon. No injector problems and no water in the fuel problems. This is the choice I made (silly or not) and will run my Sea-Doo till it runs no longer.