Key component of auto coolant systems is the stalled pressurized system. Under pressure, water won't convert to gas and as s liquid, better capture heat. Under pressure, the boiling point is raised above that of normal auto operating temperatures. (Basic high school physics). The added glycol does change the molecular makeup, lowering the freeze point and raising the boiling point. However, without a pressurized system moving the liquid around, the heated liquid will expand and find a way out. With expand molecular space, less heat is captured, engine temp rises and eventually the liquid boils. So, the pressurized system provides a better method of raising the boiling point.
As for corrosion, the original problem with water was the rust and rust formation with iron blocks, heads etc. The green antifreeze of the time helped with rust formation,,, but not as much as the pressurized system with little oxygen and the slow conversion to aluminum and various other metals.
The problem with green is that it would break down with time turning to acid which ate water pump seals and the aluminum. (thus the 24 change cycle). Many greens had buffer agents added to minimize the acid growth. Ultimately, this is what gave rise to the corrosion stories. The modern antifreezes don't break down into acids thus the longer lifecycle.
Yet we still use antifreeze in hot weather, only because we don't change coolant every 6 months, so we might as well mix for the freezing temps.
So, that's the technical reason. Here's the legal scoop: if you don't use the correct antifreeze mix, you'll void your warranty. The warranty void question should only be applied to those cases where freezing coolant damages occurred , not for overheated engine problems. The argument that the mfg will make is that water must of froze one night and damaged the item, leading to a leak, and over heating.
Sent from my XT1053 using Tapatalk