Someone correct me if I am wrong here, but the higher octane would only be required/beneficial when our forced induction kicks in with higher compression.
87 and 93 would be equivalent when NA (e.g. highway cruising).
I don’t claim to know how Ford specifically does it in the Raptor, but under boost may not be the only time a motor can benefit from increased octane. Modern adaptive valve trains, spark, etc, can also better match performance curves.
I have not done extensive testing in my Raptor, I have only taken some basic numbers. But this same question came up in the Miata forums I visit (and pretty much EVERY other car forum I have been to where a maker recommended Premium). In the NC (third gen) Mazda Miata, Premium fuel is recommended but not required, much like the Raptor. So when I replaced my 2nd gen Miata with a 3rd gen I tracked, closely, fuel economy for the first 20,000 or so miles.
In my normally aspirated Mazda I get, on average, 12% better fuel economy running Premium (91 octane locally is as high as it goes) than running Regular (87 octane) from the same stations in roughly 20,000 miles of testing (I would do ~2500 miles per segment, each type of fuel, switching back and forth at around the 2500 mile mark, this flattened out other variables, like season). I also happen to feel the vehicle runs better on premium, but that is totally opinion not backed by any quantifiable data. Locally 91 oct is about 10% more expensive, for example this morning when I filled up 87 oct was 2.899 / gal and 91 oct was 3.199 / gal. Premium was about 10.4% more expensive but sometimes it is a little more of a delta.
So this morning premium was ~10% more expensive, but I get ~12% better fuel economy, making it cheaper to run premium. Plus, I feel (seat of the pants only) like the car runs better. So in the case of my un-boosted Miata it is a no brainer, I run premium.
I did take some data early on with my Raptor also. However, I really did not draw any firm conclusions, I just did not take enough data. I seemed to have gotten slightly better economy using premium, but we are talking like the difference (during my ~8000 mile testing period) between ~15.4 (regular) and ~16.7 (premium) MPG. In the few thousand miles I tracked this I am not sure 1.3 MPG was a valid delta, or if other factors contributed. However, I do, solidly, feel the vehicle drove better.
So very possibly my Raptor got better fuel economy on premium. Maybe not quite enough to offset the extra cost of premium, but enough to offset at least some, if not most, of the extra cost. Further, I feel (seat of the pants) the vehicle runs better. If my mileage testing was valid, then running premium has cost me an extra ~75$ in the last year (~22,000 miles) of ownership. The cost of a single hamburger per month for me to feel like the vehicle runs better. I am OK with that.
T!