Could kerosene be classified as a petroleum distillate?
Per ounce of PEA, in my area, the cost for Regane and SI-1 are very similar if you assume the PEA is in the middle of the stated range. I do tend to believe that the SI-1 has additional benefits, though, mainly as a lubricant for the fuel system and top end, so I prefer it. As far as observable cleaning ability for injectors, though, I'd consider them equals.
I can't imagine kerosene as a carrier would have any bad effects, but I doubt it would do anything beneficial, either.