Re: What size prop do i need?
Unfortunately the answer is probably not. 40 hp on a pontoon boat is considered by some to be the minimum, especially if on one 20 foot or greater. Your rpms actually seem a little low even though that prop is a 9 pitch...I don't even know if you can go lower. If you go to a higher pitch your rpms will drop and then you are getting into lugging the engine, a bad thing in all respects. You could maybe raise the motor on the transom a hole or 2 and squeeze out a few more rpms and thus a little more speed. It would be minor at best and present you with the possibility of ventilation happening, which is already an issue for most pontoons.
In my opinion (take it for such) a 40 hp bigfoot probably has a pretty good resale. Sell it and invest in a bigger motor. I did and am very pleased with what I have now. No one ever complained of too much horsepower.
Good luck