It's spellbound! How simple sentence can be so deceitful? I would step in carefully.

To me, "else" shows the path for using comparison that the thing mentioned is sole and there is nothing else can fit, apart from it. I've been thinking and revising some books and COCA and I've concluded that "nothing" implies "impossibility and non-existence" at full throttle. Nevertheless, little thought has stirred up and I went on searching.
It's turned out to change almost nothing. I will provide you with examples I have found.
Everything I stumble upon with a connection to "nothing" appears to be used for gaining a rough and only purpose which is to show that there is no event, thing or anything else in the world that can exist considering the context given.
The beginning chorus experience provides children with an exciting introduction to musical performance like nothing else can. [Only chorus experience can reach such a position.]
Nothing can convince her that his powers are anything short of supernatural.
Nothing can take that away, nor can it reduce what Helton experienced this year.
Nothing can destroy a powerful innovation more than putting it into practice without proper instructor and student preparation.
In addition, supporters asserted that state lotteries would raise money to finance public education, and surely nothing can be more important in this country than every person receiving more education regardless of desire or ability.
khoff“
This is the best, and nothing can replace it. (Not even this best thing is good enough to replace itself. -- Not logical.)
This is the best, and nothing else can replace it. (Things other than "it" are not good enough to replace "it". -- More logical.)
”
I suppose the replacing itself implies kind of substitution. In the second sentence else just adds that two thing inerchangeable can exist and more likely they do exist.
That's my small contribution. I hope it will be of help, friends.