Yes and no. More heat content, yes. Practical, probably not. Maybe you have to live in Oz.
IFF you are unsuported, need to carry it, yes. 5 days is a short time and my cut off is actually about 3 days. IE, I bring WG for longer than 3 days.
IFF you are going to resupply, no. Methanol is cheap enough to buy as you go. Couple or three days of fuel, get more and go for rest. You end up lighter.
'Corse, I drink a LOT of coffe in the morning, and cook, too. For more than fast packing/2-3 day trips, I usually take WG.
Heat density is a problem. There just isn't that much in alcohol. Esbits are about the same as alcohols, a slight bit better, but make a mess and smell a bit. Canisters and alcohols are roughly the same, factoring in carry weight of the can and a 1oz water bottle. Canisters have a slight edge, not enough to consider, really. Big and bulky to carry for longer trips and canisters are simply not common enough. WG is better, but requires a heavy stove. If it won't also burn unleaded gas, then you need to carry sufficient quantities for the whole trip. Kero is harder to get than WG. To consider the difference between methanol and ethanol is like "Whatever, give me what is available." Because, on the trail, I don't have a choice. Often, I have trouble finding methanol and am forced to use iso-propanol and it's one of the reasons I don't carry alcohol stoves for longer trips. Especially with ethanol already added to gasoline. The gas stations that used to carry it, quit stocking the yellow HEET.
To bypass the heat density problem, high efficiency pots were designed and used in high efficiency wind screens. But, these can also be used with higher fuel density fuels, canisters and WG.
Most of the camp stores don't stock anything in the line of alcohol stoves or fuel, either. I have tried mixing WG and alcohol, but there is a lot of soot. Acetone burns fairly clean, but doesn't deliver the efficiency in an alcohol stove and is pretty difficult to deal with, fumes & toxicity. Some stoves can't burn it at all and simply destroy themselves. I never got around to building a stove that was tuned to burn acetone efficiently. It too can be added in small quantities to alcohol, increasing the heat content of the fuel 10-15%. A high efficincy pot does as well.
Wood stoves don't work for me. 3 out of 5 days I can count on wet or damp wood, and, they leave a mess of the pot and campsite, unless you are carefull with the ash. They also require a bit of planning the night before so I can make coffee in the morning.
The few grams you can save using ethanol represent a huge logistical problem for me in the ADKs and NY state. It is not worth bothering with reagent grade Ethanol for longer trips. Knowing it is a slight bit lighter, I bring it for short trips.
Soo, there is not a simple answer, nor a single good solution. Often it takes a combination of methodes to make some stove system work. Is ethanol worth it? Only the user can answer this queston.