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@Mariano: Thanks for the dictionary translating Hilton's terms into modern ones. I have to admit I didn't read it carefully, mainly because he finds both 2 and 3-torsion in the free quasi Lie ring, whereas there is only 2-torsion in Levine's free quasi-Lie algebra. So I concluded they are not the same definition. I think you are right that taking $M=0$ in Hilton's definition does give you a quasi Lie algebra in Levine's sense, although I'm still unsure where that 3-torsion is coming from.
Unfortuntately, the term "quasi-Lie ring" used in this reference does not mean the same thing as Levine's term. However, the odd homotopy groups with Whitehead bracket does form a quasi-Lie algebra under Levine's definition.