There is no reason to use it on normally aspirated motors of any sort however since issues of detonation with high compression motors are not intercooling problems, and therefore the cooling effect of the water vapor is drastically reduced and moot to performance.
Hugh McInnes book 'Turbochargers' offers a terrific primer and explanation of this stuff, and Corky Bell's 'Maximum Boost' takes it to even greater depth.
I am of the mindset however that water injection is essentially a band-aid to substandard design, to having run completely out of room to make other intercooling improvements, or for getting by on low octane fuel.
But we digress.
