I have run propylene glycol in cars before. You can expect higher coolant temperatures but your peak metal temperatures will be lower since it will be less likely to boil when cooling the hottest parts of the engine (the heads around the exhaust valves). You will also have more boil-over protection.
The only way you are going to get a meaningful cooling improvement in your GT is to get more air to flow THROUGH the radiator instead of around it. There are big gaps around the radiator. Someone will eventually fabricate some baffling to fix the issue.
Yukonranger
You are spot on target.
PG will delay a failure if there hot spots inside a cooling passage casting.
But will not lower operating temps over any other coolant.
You are also !00% on track with the air flow problem / description.
PG can not help this kind of problem.
Actually straight PG was the coolant of choice at the turn of the last century.
For cold weather engine usage. (We have learned a lot in the last 100 years).
Now if you reverse the coolant flow in your race car.
Cold PG into the heads & out @ the block.
And install an adjustable thermostat.
And force normal operating temps upwards of 240 deg.
And then develop a new cals to work in this range.
There may be engine efficiency gains with PG.
But with a low speed air flow problem like the GT has on track.
There will be no gain with PG .
If there was any real improvement Ford (and all others) would have never stopped using PG. It is also less expensive than EG?