The big difference between animal fat fuel (or hydrogenated veggie oil, aka shortening) and liquid vegetable oil fuel, is viscosity. Once you heat the product to 180F, the viscosity is fine. Keep in mind it has to be approx. that temp AT the injection pump and injector.
Biodiesel chemically changes the fat/oil into a different product that has a room temperature viscosity that is much closer to petro diesel and requires no heating or additives at above freezing temperatures, at least for most feedstocks. That would be the lower risk, higher cost per gallon solution. In my neck of the woods, input cost for warm weather biodiesel is about 0.60 per gallon if you get the oil for free.
Good luck and have fun!
troy