Jim,
I presume these McCoy 40s are the grey case, Dykes ring, black head Series 21s?
If so, ol' buddy Wild Bill had a lot to do with their development...
He does nice work...
If these engines show a good torque output at modest RPM, your prop testing would fit very nicely. As baffle piston, moderate timed engines, they should do their best around torque peak -wherever that may happen to be. Torque peak also usually indicates where the 'flows' through the interior are at optimum. Moderate sleeve and shaft timing sets that.
His Series 21s were amazing engines! With smaller prop loads, they did well in Slow Rat type racing - just bring a cup of ice water to the pitting... Aside from the "Fisher Body" styling adding a few unnecessary ounces, they also were effective stunt engines for those who could keep the Dykes rings in good shape - you seem to have found a solution by running in thrumming 4-cycle except for maneuver loads.
I have a few of these lying around, and with your experiences as inspiration, may try them again...
Thanks!