Octane ratings are based on Science. Engineers spec fuels for use in engines. Those engineers also know that people are cheap, and gasoline quality is an unintended variable, so they add a knock sensor to save their creations from destruction. You are free to sacrifice power by using low octane fuel, and rationalize it however you like.
It's a three legged stool. Octane / compression / timing.
FWIW, I always use mid-grade (89-91) in the G3, 93 or 95 in the Marauder (aggressive tune that WILL knock on bad gas), and a mix of Everclear and battery acid in the 2001 Sport.