Basic principle is to have a prop (pitch/dia/etc) that allows the engine(s) to achieve proper operating range. In your case, The 5.0 should have a WOT (wide open throttle) of 4400-4800 rpm. Small variances in prop types (combo of style/# blades/dia/pitch/etc) allow for the fine tuning to certain goals. Ex: 4 blade tends to provide better hole-shot but a slightly reduced top-end. Both should still be operating in the suggested range!
Speed will be an output from the proper matching of prop & engine, not an input.
Many of the Maxum's seem to be over-propped by the dealers or previous owners under the assumption that more pitch = more speed.
I just reduced the pitch (2 in) on my setup (3000 SCR, 5.0L BII) to achieve the WOT called for. Speed dropped only 1/2 knot, but the engines are happier operating in their proper rpm/power band.
In summary, there is no "standard" prop that satisfies all conditions.
Landing on the "right" prop requires that you measure current performance (WOT RPM) with a tuned engine, normal load (gas/people/beer?).
Rule of thumb to get started would be to add (or subtract) 1in of pitch for each 200 rpm needed to get to the desired WOT.
In my case, I was overpropped (WOT was only 4200). I needed to remove 2in pitch to get to the 4600 I targeted as my WOT goal.
Hope this helps..
For each 200 RPM needed to get to desired WOT rpm