Hi Steve,
First, let me say that I have no experience with a LA 40. But that doesn't matter with the trouble you are having. I don't tach my engines very often but, when I did, I was launching at around 10,800 with a four pitch prop and getting about 5.4 laps on '65 eye to eye. Something is wrong here if you are launching at 9800 with a 4 pitch and turning 4.5! On '62 lines, you should be around 5 to 5.1 if you were launching 1000 rpm faster. The engine has to be really gaining revs when it's launched, or the tach is reading wrong, or the prop is much stronger than 4 pitch. I presently launch around 9800 according to what I've been told, and that equates to around 5.4 with a 4 pitch on my present set up. I would like to know what you come up with!
Good luck,
Bill <><