Like you Tony I am no expert on fuel standards or performance.
I am with ILENGINI on this matter.
I can not speak for USA fuels however here in Australia we commonly have 91,95 & 98 RON (Research Octane Number). I don't use ethanol blends so won't comment on them.
91 RON is used in small motors and lower performing vehicles. Is the cheapest, non ethanol, fuel
98 RON is used in high performance engines. Is the most expensive petrol
Octane rating is a measure of the anti knock (pre ignition) characteristics of the fuel. The higher the compression ratio of the engine, the more need for anti knock.
Our 98 RON does not store well in a container (fuel tank) that is open to atmosphere, some of its volatile fractions will be lost resulting in difficult starting. There is also a tendency for the old fuel to more readily "gum" up the smaller jets in the fuel metering system.
91 RON seems to stay "good" for very many months without much loss of quality ie from a users standpoint, is more stable retaining its performance characteristics longer than 98.
Using 98 in an engine designed (lower compression) for 91 will result in no benefit OR DAMAGE other than to your pocket.
Using 91 in an engine designed to run on 98 (high compression) will likely lead to loss of power & internal damage to the engine. Symptoms are likely to be a rattling sound (knock) when engine under load and the engine may "run on" after the ignition turned off.