Water carries more energy than anti- freeze, hence it is more efficient. The anti-freeze to water ratio is one of diminishing returns, past 50-50 there is no real gain in boiling temp or reduction in freezing temp, but there is a loss of thermal efficiency. If you don't live in an extreme climate (AZ), you probably won't notice it, especially this time of year.
On the redline oil website, (I don't know its address at the moment), look up "water wetter" for a pretty good discussion on coolants and such.