Well here's my take Chris. Since October of last year, my truck has used 1,074 gallons of fuel. 586 gallons of that was E85. My engine still does not burn a drop of oil between changes unless I regularly spin the engine past 3,000-3,500 rpms. About 600 miles were while towing 2,500 to 6,000 pounds while burning E85.
I would think that if my rings were worn down that much from E85 that my engine would burn oil. It's usually dirty oil that contributes to rings going bad.
In October I over-filled the motor with oil a little bit and did not get to correct the mistake and then forgot about it until just now. When I get home tonight and let her cool off some, I'll check it and see if any burned off.