Lets hear any reasons why demulsifiers are the way to go!
Fireman who is the rare case, has definitely gotten fuel from a bad source, and using something like PS911 would be completely appropriate!
My comments are directed toward people using typical average diesel fuel. If you have normal diesel fuel, your water separator -whether that's stock or a 2 micron fancy racor, will not stop water less than 115ppm. Even the guys at Airdog will willingly tell you that their systems won't stop water that small. So the choice on a daily level is to demulsify/clump the water and have it pass through the system, or disperse it/emulsify to have it more safely pass through. The water passes through inevitably.
Let me just state that in a perfect world where nothing moves, demulsifiers are good in theory. For example, in stationary fuel tanks, where they have drains/valves on the bottom, a demulsifier can work, pooling water to the bottom to be drained. However, in a vehicle, motion is introduced, and the jostling of the fuel as it shakes around the tank breaks up the clumps and causes them to diserse within the fuel - however in larger less safe clumps than if they had been emulsified.
Matt 400 - the ratios you showed and your comments that you 'read that' as being similar to diesel fuel with water in it are where you went wrong. 18% water is WAAAAY more than even a bad tank of diesel would have. As I had mentioned, water typically becomes free water after about 115ppm or higher concentrations. Fuel additives are only effective in normal ranges of water contamination. Just as a frame of reference - the water emulsified fuel you note above with 18% water - thats 180,000ppm of water if my primitive calculations are correct! Regardless, I think you can see my point, that comparing water-emulsifieid fuel and regular diesel is completely apples to oranges, not even in the same ballpark.
Ryan, sorry for the confusion bud

It's a fun topic!