Re: 1990 XR4 black Max
The XR4 comes from the factory with an "advance" module on it. It advances the timing a bit at 5000 rpm, then retards it at 5500 rpm, causing the torque curve to effectively hit the wall.
It's enough of a source of trouble and not enough of a benefit for Mercury to stock them for replacement. If you take it off, and advance your initial timing from 19? to 23?, you get a pretty smooth torque curve into the low 6's before lack of air through the vertical reeds strangles it. That may have already been done with your motor.
I think proper prop ventilation with exhaust allowing the engine to spin up into the torque band is more important than blade count. One advantage of the high five is that if you surface it, there's always 3 blades in the water, damping the torsional vibration that likes to put the pinion out the side of a 4" gear case. The other one is that it has extreme traction at mid speeds, even if it's breaking the surface. You usually see them on ski boats or footin' boats.