Our shop spent about a month testing flares ans converging rings with the OMC tech, the object of both was to induce a vacuum behind the prop to draw out exhaust. The flared props showed the most significant gains. There is a post kicking around one of these sites maybe OSO can't remember, but with through hull it is best to have the boot removed and also the flare cut off the prop. Just having the boot off which I did the next day after reading the post relieves the vacuum behind the prop, I have yet to cut the flare off. Those that have done both report nearly a 1 mph gain.
No matter what your beliefs are "GOD BLESS AMERICA"
Fully retired marine tech near 60 years in the biz.