Can you safely run a trangia on bioethanol (95% ethanol)?
Yes. It's meths without the purple stuff (but annoyingly, still has the bittrex). Works fine.
AIUI the other 5% is usually methanol.
Trangias will happily burn pure methanol (very clean, slightly less heat), or isopropanol (very hot and sooty), as well as ethanol.
I wouldn't worry about the toxicity of methanol in stove fuel (especially if it's mostly ethanol anyway). You're not drinking it or inhaling the vapour. The odd drip on unbroken skin isn't going to be a problem if you wash it off (and if you use a proper Trangia fuel bottle lid, you won't spill it).