the meths i used was purple and i cant say much about dilution as meths/denatured alc. have other chemicals rammed in it to make it undrinkable, but i dont think much water if any, maybe 1-2% water?(guess), i think denatured alcohol and meths are almost the same thing(without being technical)
i would use it pure as you have it, but if i was going to dilute it i would be more keen to put 4oz of water into a gallon of meths/denat. alc. than the other way around, water might condensate or do other dumb stuff, where as meth etc. will all evapourate,
and give it a little "spin" with a clean cotton bud after the meths one too
MAKE SURE you let the chemicals evapourate properly before rushing to turn the laser on also, dont take any chances!