I always hear both sides and neither one having much credibility.
I always hear for electronic equipment a higher % is better so that there is less water content means less chance of rusting.
However if you read the back of certain games such as the original Metroid on NES it says.
DO NOT clean with benzene thinner, alcohol or other such solvents. That message was not intended to stop kids from using chemicals. I'm 90% sure it's a warning against using corrosive and abrasive chemicals that could damage the cartridge. The following caution warnings are as followed.
* DO NOT store in extreme temperatures
* DO NOT immerse in water
I'm pretty sure these warning labels are meant for protection of the game and not a liability issue like I've heard before.
These pre-caution warning labels lead me to believe you should use less % alcohol. I know I looked up a bunch of video game cleaning guides and often I see them say to use a 2:1 water to rubbing alcohol ratio.
I almost never use it for medical purposes. I use peroxide for that. When I went to the store last I had the option of getting 70%,90% and 50%. I went with the lowest to use on my games and electronic equipment. When I buy it for cleaning purposes such as cleaning out pipes and bongs that have resin then I use a higher %.
This is one of the magazines where it says to use a lower and a 2:1 ratio. The article is called keep it clean on page 13. I believe this booklet was a freebie with issue #5 of VGC magazine.
Factoring in the pre-caution warnings on the games I decided to go with the lower % and will just dry it off as I apply. I believe it to be less risky then going with too much alcohol. I would think using a high concentration like 99% over multiple uses too frequently would become abrasive to the metallic.