While I'm not keen on using "electric only" props on IC, I know someone who does or did. He said his reworked wood props were virtually identical to the stock "electric only" propellers, so why not?
My view is that throwing a blade in the air is almost 100% sure to screw up your model in some way, and very possibly a total. I personally won't take that chance. I had a hot K&B .40 throw a blade on a 9-6 TF Super M on the test bench, and don't really remember much about that, except I didn't like it. I don't recall how I shut it off, but probably thumb down the venturi.
On my piped .46VF, I fumbled the ignitor into the APC prop and knocked the blades off. My late & great friend Gary Letsinger was launching, and he tried to shut it off by pointing the nose down. Doesn't work with a clunk tank. I put my thumb on the open end of the rubber ducky. Burned my thumb a little, but nothing serious. The key thing is to know how to shut your engine down when chit happens. Some will throw a rag in the prop, but you could also end up with a broken prop or NV by doing that. Blocking the exhaust is THE best way, IMO. Another reason I don't like tongue mufflers!

Steve