Also keep in mind even a nice improvement in efficiency should pay for itself in operational savings over some reasonable time period. That's unlikekly unless you run your boat a lot more hours than most of us.
Say you get a 5% improvement in efficiency with new fangled props. At 10,000 gal of annual fuel use thats about 500 gallons or maybe $1,500 dollars. So the budget available for two new props, let alone reduction gears, is limited if you expect any payback in, say, three to five years.
This subject is one for technical expertise...from a marine designer/engineer/consultant who has access to experimental as well as theoretical data. In the meantime, maybe those who haven't had their props set up to computer accuracy standards, like PROPSCAN and others, can gain a few percent improvement.
Meantime, it's fun to see perspectives on this subject, but I'll continue to run at moderate cruising speed instead.