Mike,
Sounds like you'll give it a go, particulary as you car is out of warranty. I don't think anything will happen with the gummy glycerol residues for a number of years, but if you did have a warranty claim it's pretty easy for a trained engineer to see the gummy stuff.
Something to think about:
Vegetable oil is a natural product and will go off (rancid) on storage, if the veg oil has been heated then it also goes gummy - our glycerol friend again.
This can be a concern if you leave your car idle for long periods with high levels of veg oil in the tank - the fuel in the tank could turn to jelly
This is not a recommendation, but if you were to start with a 10% veg oil blend then any gummy residue that may form in the fuel tank should stay dissolved. Make sure this works to your satisfaction before increasing the veg oil content.
If you do a lot of miles, and you run the tank down to almost empty before refilling, this will make sure that old veg oil doesn't stay around to build up gummy residues in the tank and fuel lines. Probably an idea to fill the tank with 100% diesel from time to time.
Also if you use recycled oil, you need to be very careful about the fine particles of burnt chips or whatever still in the oil. Careful filtering of the oil is essential, and replace the engine fuel filter on a more regular basis than normal.
And don't forget the tax man.
Regards, Robert