Cutting tips will make wider blades what will probably make maximal efficiency lower (I say probably because cutting will make tips wider, that means enlarge induced drag at tips, but it will make also better P/D what can efficiency improve). There is certainly some optimal dimater of similar props (the same blade design) when prop works at its best, the only question is if choosen prop is closer to its max or not. Cut tips will make the prop probably worse, but at some circumstances it can push it to better actual efficiency ... so SOMETIMES it can improve consumption and sometimes not.