Here's my viewpoint. First, Journey On is the typical C-25 with a Honda 150. To make sense out of the propeller thing, I started looking at the propeller pitch as boat gearing and compared it to my bike. So there are several different propeller pitches that may be suitable; just as you would change gearing on the bike depending on the type of race you were running, one would select pitch based on how the boat is being used.
First question: how are you going to run the boat: loaded for long cruises, light for fishing,somewhere in between? And how fast are you going to drive the boat: hull speed ( don't laugh, we do that a lot of the time to enjoy where we are), up on plane at about 14 knts., or getting to the fishing spot as fast as you can at 25 knts?
Here's what propeller pitch did for journey On. Empty and in San Diego Bay on a smooth morning a 16' pitch got us to 25 knts @ 5500, right in the middle of the Honda HP range. Which I submit is fast enough for anybody. At that speed ripples get bigger and if anything is floating in the water, you aren't going to miss it. And fuel mileage is atrocious, <2.5 mpg. Loaded, if you want to go that fast, you're going to have to go to a 15" prop and buy more gas.
We travel well loaded and we cruise. So we settle for a 14.74" dia by 16" pitch prop. At hull speeds our gas mileage goes up to about 6 mpg and overall during the summer we average ~3.4 mpg. The 16" lets us comfortably cruise at 15 knts without straining the motor, and at that speed we can see the logs and weed in our path. There are times I put on a 15" pitch and yes it revs freer, but the mileage drops and the gas was $4/gal.
I tried a composite prop but the minimum pitch was 16 1/2 and that was a little too much for for the engine at our weight. Also composite props disintegrate when they hit anything.
An aluminum propeller is lighter and easier to shift than stainless ones. As Bob pointed out above, they do flex more than stainless, but at our speeds I don't worry. 3 blades give you more top end (so I've been told,) but 4 blades get you out of the hole faster. The latter is important to me.
One additional comment. Don't jam the gas open with a 150, it has enough torque to spin some propellers.
Boris