Since picking up my new 25' Cruiser w/ the 2008 4-stroke 150hp Suzuki on it, I did some reading myself on phase separation (once again - since some years ago I had been buying gasoline from a marina in FL and they were selling bad mojo) - I cavitated a cylinder head on a 6 month old new EverRude 90hp (this was not due to ethanol/water/gasoline phase separation but reminded me I need to be careful where I buy my fuel and what type I put into outboard engines).
It's the alchohol which MORE readily absorbs the water (rather than the gasoline itself). The alcohol will absorb water much more readily than the gasoline. Outboards (all newer ones) are designed to accomodate alcohol (ethanol) up to 10%.
The problem (which is why I opt for not purchasing gasline with any alcohol or buying only name brands like Shell, AMOCO, BP, etc) in gasoline is this. From what I've heard (I've several friends in the petroleum industry business) and read is that: (1) after-market and off-market (non name brand in particular) gasoline stations have remarkably large and varying amounts of alcohol in the gasoline they sell. Some reports indicated gasoline stations with as much as 48% ethanol in their tanks; (2) I buy gasoline from gasoline stations (for my outboard and generally for my truck [diesel], as well) which display the last times their pumps were officially serviced and display their filter change dates.
Now, some of these gasoline stations probably aren't buying gasoline with 30%, or 48% ethanol - but, just like our boat gas tanks, unless that station is practicing good gasoline maintenance, those huge tanks suffer the exact same phase separation. So, I buy either non-ethanol-based gasolines, or only from reputable gasoline stations.
It might sound nuts, well, maybe it is. But, a little bit of asking about and looking about a reputable gasoline station you will find the official filter and pump documentation. It's important. If you know alcohol far more readily absorbs water than gasoline, and if you know under the pavement there exists five-six 5000-10,000 gallon tanks of 10% alchohol additive gasoline, well, do the math - those gasoline stations which change out their filters and maintain their stations and pumps also (in general) maintain good gasoline maintenance.
Also, I didn't look just now, but I think you can place a 10 micron filter between the gas tank and the engine.
I got the following somewhere (I copied and pasted, but I can't find the link now) - go figure. :cry
"Install a 10-micron water/fuel separating filter between the tank and the engine," Savant said. "Every outboard should have one."
Don't mix E-10 with "regular" gasoline. Don't let E-10 sit unused in a boat fuel tank for months. If you have to leave a boat fuel tank unused for any length of time, fill it as full as possible to limit the amount of moisture-laden air in the tank.