Probably going to get burned at the stake.
Not going to disregard the hydroscopic properties of nitromethane, but when one uses a higher quality fuel such as O'donnell's or Byron's that is available today, their oils are far superior, containing elements to combat the hydroscopicity, as-well as having better oiling properties at a lower oil content. Allowing more power at a lower temperatures.
I run O'donnel's 25%. If I'm going to be running in the next 3 days, I omit ARO. I just run the tank dry, then crank it over with an ignitor on the plug a few times to burn off any remaining nitro in the carb/cylinder. If its going to be longer, I
always use ARO.
As for WD40, I will second that it works as ARO, I used it a lot when I was but a webelo. It is great at displacing water, (Water Displacement-40) spray it on a wet sheet of steel and you will see the water run in fear. However, it comes with its own issue, after some time, it becomes solidified and quite sticky. I once sprayed some on an engine that was going to be stored for unspecified amount of time, couple years later I pulled it apart. Certainly wasn't any rust to speak of, but it was quite gummed up, so much that the crank wouldn't turn freely, cleaned/reassembled and bang, fired right up.
Also WD40 has a rather high detergent content, (why it cleans so well) and spraying it on rubber seals should be avoided, just need to be sure to get the straw down into the carb past the seals, and it doesn't take much, especially coming out of an aerosol can.
So all that said, it works, but get some real ARO, its cheap.