Water burns cooler than regular fuel ... that is one of the reasons to use it
ryde, first off 50/50 is not a good idea as that ratio is where the combination becomes FLAMMABLE. I would keep it at 40% methanol to keep your self safe. If that combination gets on fire, the flames are INVISIBLE so it is highly dangerous. Ever see Pit crews in CART/IRL rolling around on the ground but not see any flames? ... this is also why they spray the side of the car with water before it leaves the pits.
I run WI and it comes on at 10 psi, I am using the SMALLEST nozzle that came in the Aquamist kit and it puts out a healthy amount of water. My car was also tuned using the WI.
The other thing to consider is our cars run RICH and yo uare adding more fuel with the methanol.
The only reason to add methanol is to prevent freezing of the system in the winter.
I suspect you are running too much fuel and/or too much water.