Feel free to use what you want. The new carb parts in a genuine Mikuni kit are fine with ethanol. And besides that, there are no plastic parts in the system besides the fuel tank, and it is polyethylene and impervious to most anything. That said, at the end of the season, you are safest running out the ethanol fuel and running ethanol free for the last tank. The reason is so water will not saturate the fuel during storage. The water in the gas could cause issues the following season. Stabil deals with this, but again, safer for the last tank to be non-ethanol. The rest of the season you are good to go with pump 87 octane. You should read up on what octane really is. It only retards combustion to prevent pre-ignition and once you have "enough" it does nothing for you. In fact, there is a small reduction in performance using race gas if you do not need it. You do need your carbs clean and set correctly. You do not want to run them lean. A 720 or 787 with stock compression and pipes are designed to run on 87 octane. That is exactly what the Seadoo manual for 97 Seadoo says. Full disclosure, the manual advises against ethanol, but at that time, they did not have good polymers for the fuel lines and carb parts. Once you change those, you are fine. Again, use what you want, but understand the science and know why you are doing what. But it won't hurt anything but your wallet.