I've used acetone when I was homebrewing my own model airplane glow fuel and didn't have any nitromethane. The acetone helped my glow engines idle better. As for adding it to to gasoline and diesel, I'm sure if it was such a good thing, the fuel manufacturers would have been doing it years ago.
Heck, you can burn water in a gasser, if you mix some acetone in it. Of course, the engine blows up after a few dozen miles, but it runs great in the meantime.
JettaJake, in the above referenced thread on this site, hits the nail on the head.
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