The big thing to keep in mind here, is that your main objective is to fly the plane as well as possible, and then to do this as efficiently as possible, or even as practical. Unless you make your own props, you are stuck with what's available, and fortunately as far as good electric props go, we have a huge range from APC, and guys like Dennis Adamisin that keep APC in touch with making the best possible props for us round & round folks.
For an equivalent airspeed a lower pitch will require more power. Sure with our governor systems we are spoilt so we can play with rpm, but the trade-off is in finding the most efficient system to do this, while keeping in mind our main objective. There are many beliefs about fine pitch giving better braking and other benefits, so just choose whatever fits your belief structure. Keep in mind that the finer the pitch, the higher the rpm, and of course.........the higher the noise as well. Diameter rules as far as thrust goes and once again this has its own side effects, like more gyro effect and lowering the turn rate. The simple way through all of this is to check out what everyone else is using successfully, and you will find that certain APC props have become the standard. For example the 11 x 5.5 for a .40 size, the 12 x 6 thin blade for the .55 to .60 size, or the 13 x 4.5 etc. This forum is an absolute gold mine of info on e-stunt, and I have no reservations in stating that it is by far the best source on the internet!
I've had a ball recently with my .15 size model experiments, and I was convinced that the 8 x 6 E prop would fit the bill perfectly. I was partly right in that it did work very well and the battery consumption was low. I was happy that my calculations worked so well.........that is until I tried the 9 x 6 E prop. It obviously used more power, but I found that my lowering the rpm by around 1000 rpm I got almost the same battery usage and the extra thrust was just sooo much better. It did slow down the turn rate a little, but my Elec-Trick design was a little twitchy, so this helped a lot and now the model flies really well and also at lower lap times which is rather nice at my age! Like many on this forum have stated, e-power is so good because it is relatively easy to measure all of the data.
Keith R