Well I drive a 335 that is heavily modded and I run an e40 e85 mix in my car occasionally and absolutely love it! It is a very noticeable performance boost and gets me to around 430-450whp at the wheels! If you have the ability to log that'll be your best friend. The main issue are the fuel pumps so you'll need to check those values while logging. For instance in my car anything over e40-e50 and the stock LPFP will struggle. If it's only on occasion then your injectors should be fine but if you run it all the time then new ones are most likely needed.
I'm not sure about in boosted e46 cars but I'd do some research on the fuel pumps because I think that would be the area for concern. I don't see why an e30-e40 mix wouldn't be possible though.
-Chris-
2003 ZHP Sedan - Jet Black on Sand - SOLD