Some test results here, albeit from an Evans Waterless competitor, but makes sense. Basically Evans waterless drastically reduces working pressures (and stress) in the system and successfully prevents corrosion in iron blocks, so seems suitable for older engines that were prone to leaking and boiling over.
But Waterless actually promoted deposits in Aluminium engines and cooled less efficiently raising cylinder head temperatures, which in turn leads to earlier detonation (knock), causing ignition to retard, reducing engine power. So a waste of time on our engines.
https://www.norosion.com/evanstest.htm