I don't know about Viper engines and E85, but I know you can advance the timing a bit with the higher octane of E85. I have an SRT-4 tuned for E85 that puts down ~475hp at the front, that's a combination of being able to run more boost as well as advance the timing a good amount because of the E85.
You also need to dump about 30% more fuel with E85, so keep that in mind. Most cars require larger injectors and a bigger fuel pump to make it work.