You can do as much as 100% coconut milk (your entire liquid amount) if you want. I do 100% quite regularly. And since I
hate dissolving my lye in anything but water 8) , I do my 100% CM soaps in such a way that my milk and raw, naked lye never meet one on one.
The way I avoid dissolving my lye in any of my milk is that I split my liquid amount into 50% water and 50% canned coconut milk. I mix the lye with the water amount and set it aside. I then mix as much coconut milk powder into my canned liquid coconut milk to make a 100% concentrated milk solution for my entire batch.
Or sometimes I use 100% water and split it 50/50, mixing half with the lye, and the other half with enough coconut milk powder to make a 100% CM concentration for the entire liquid amount for my batch. Whichever way I do it, I then I stickblend the CM portion into my oils just before or right after adding the lye water. It works great with no hassles.
I find that when I use 100% CM (I always use full fat CM, not the low fat or reduced fat version of CM), my bubbly lather decreases significantly at my usual 5% superfat, so I've taken to decreasing my superfat level to 3% in my 100% CM soaps. Yes, 3%. It sounds daring, I know, but through much testing I've found that this remedies the bubble deflation in my 100% CM soap without affecting anything else, and no- my soaps have never ended up drying or lye heavy doing it this way. The extra fat amount in the milk prevents that from happening.
When I do 50% CM, I do a 4% superfat to offset bubble deflation.
And when I do 30% CM, I do my regular 5% superfat. The CM amount of 30% at my regular superfat does not harm my bubblage enough to warrant decreasing my superfat level.
IrishLass