Yeah, batadine should do the trick too. As long as it's something in small amounts, and it doesn't contain any oxides, etc. it should be alright.
The nice thing about Methanol is that it has a lower viscosity than water, so it's easier to pump. It also has a pretty good heat capacity (much better than antifreeze, and better than any other kind of alcohol - not quite as good as water) so it won't hurt performance. It's a good additive if you're using antifreeze as well and want to thin the mixture out a little. Also great for chiller environments due to its low freezing point.