Methanol+distilled water yields the best result Philly_Boy, but methanol is toxic so it should be stored in an airtight container, don't use it if the container isn't sealed.
Where is Epion and his methanol to ethanol freezing comparison chart??
Methanol also sucks plasticizer out of Masterkleer which makes that combination dangerous to use. Clearflex PVC doesn't get affected by methanol. Haven't tried Tygon or tested Masterkleer/ClearFlex PVC with ethanol or anti freeze. Soak whatever tubing you choose in your coolant of choice before setting anything up. The rubber O-ring on my Iwaki did get a bit more brittle (methanol replacing moisture) but it was fine for 3 months so a bench will be alright.
Anti freeze in any ratio to water is an inferior coolant because it slushes up and offers no benefit.
Edit: Found the chart!
http://img138.imageshack.us/img138/5...ethanolmj2.jpg