With anti-freeze the 33% ratio also means you have the correct dilution of anti corrosion additives, weaker that that and you might not get full corrosion protection.
I've used Castrol Anti-Freeze Anti-Boil at 33% since I got my 300Tdi (1998) with no issues. Changed every couple of years.
There were concerns a while back with some of the new long-life corrosion protection methods eg. OAT, HOAT etc. but these seem to have been overcome. I contacted some manufacturers regarding coolant for old Land Rovers a couple of years ago
http://www.aulro.com/afvb/series-lan...r-engines.html
Ethylene Glycol is poisonous, as mentioned, and from memory outlawed in some Countries (France ?).
Colin