Several problems with ethanol blended gas.
The growing of corn to make ethanol is a disgusting waste of valuable farm land and resources that could be used to feed the world. In Result - higher food prices.
The process of fertilizing, growing, harvesting, processing, and transporting, actually creates more of the pollutants that ethanol is supposed to eliminate, thus causing more harm than using straight gasoline. Documented in several well known university studies.
It also has created a huge ever changing amount of government oversight and taxpayer subsidies, along with more lobbyist to sway politicians decisions.
As far as use in outboards, older engines did not have fuel lines and pumps that were resistant to the ethanol. Caused them to dissolve/delaminate and clog filters and carburators.
Read the posts above, if your motor is older, do what they say.
Then make your own decision on what fuel to use.
Personally, I have 87 octane ethanol free gas available and use it most of the time. Harder to find when on the road or in Canada, so I use what's available.