The problem with distilled water is that it has corrosive properties all by itself. It is not the benign substance that most seem to think it is. Those minerals that were removed by the distillation process were there because the water chemically bonded with them strongly enough to remove them from where ever they were when the water flowed over them. Now that those minerals are gone, those bonds are broken and the water molecules are looking for something else to bond with. Like Aluminum. Or iron. Or copper. Or lead. Or anything else it can 'pry' loose.
With the wrong mineral content water can be more corrosive than distilled, that's a given. But water with the right mineral content will be much less corrosive than distilled, to the point of possibly being completely inert. With the right content those broken bonds don't exist and the minerals involved aren't themselves looking for something else to bond with (other forms of corrosion). This will be much more benign than "pure" water and would be a better starting point in blending together the most ideal coolant. The problem is where to get this water. Which is what lead me to ponder using "drinking water" instead of distilled water or possibly the pre-mixed coolant. In my part of the world there is a premium charged for the pre-mixed coolant. It costs a little more per gallon than straight coolant. Given that the pre-mixed that I see comes from name brands I would expect them to have some degree of control over the chemistry of the water that they use.
Redline's pre-mixed talks about using "purified, deionized water":
http://www.redlineoil-europe.com/co...duct=SuperCool_Coolant_with_WaterWetter_00089
Motorcraft's pre-mix uses "purified" water, what ever that is.
https://www.fordparts.com/Products/Chemicals-EngineProducts-Coolants.aspx
Deionized water would be better than distilled water, they are not the same thing.
John Deere's pre-mix coolant says "de-mineralized", which is getting more to the point:
http://www.greenpartstore.com/John-Deere-Cool-Gard-II-Pre-Mix-Coolant-TY26575-TY26576.html
I did see mention in one of the various mfg pages I've looked at today that mentioned the Errosive aspect of particles suspended in tap water being particularly hard on water pump shaft seals. Presumably any processed water would have reduced or eliminated those particles.
Evanscool looks good for a street rod. I'd leave it on the street unless willing to re-engineer all of the coolant system plumbing to be much more robust as a leak off-road could be an extreme problem.