Re: Power slippage
That engine has a splined prop shaft with a thrust pin in the hub. (always a sore point with me and early Chryslers) Remove the cotter pin from the white tail cone/nut, unscrew the tailcone, slide the pin out of the hub, and slide the prop off the shaft. You have three options:
1. Buy a new or used prop.
2. Send your prop out to a prop shop for re-hubbing--about 35 bucks. Your local marina will send it out.
3. Drill and pin the back side of the hub to the prop casting. -- Do-able but not a good option. You lose the impact protection the rubber hub affords the gearcase.
Actually, if you have a press, a fourth temporary option depending on the condition of the rubber hub could be to press out the hub, coat liberally with a good quality silicone RTV and press it back in. The RTV will glue it and it may last for a couple of more runs.
No matter what you do, buy an inexpensive spare prop as an emergency replacement. Props for that engine frequently come up for auction on e bay. 10 3/8 diameter, 11,12, or 13 pitch depending on load. If you can find a real cheap older 40 hp Evinrude prop, the prop is the same It just needs to be re-hubbed for the splined Chrysler shaft.