It should be ok if mixed with diesel. I run my 4.2 Patrol on 70% brand new rapeseed and 30% diesel. I would avoid waste oil and bio because they all involve too much hassle.
I suggest doing some googling but I think you would be ok at 50/50. If in doubt just try a bit and build up.
Things to remember, carry a spare fuel filter just in case ( I have one but haven't needed it ) also when you start it from cold, don't leave it idling to warm it up because it increases the small chance of ring gumming when the oil is cold,thick and not atomising quite as well as it could.
I have no loss of performance, no increase in consumption but on very cold starts mine does run a little unevenly for the first 5 seconds or so.
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