Re: 1976 Johnson 40hp best prop
With a Wot rpm range of 4500-5500 rpm, it looks like you're about right at 5000 rpm(the rated hp rpm).
It really depends on what you're looking for. If you want more power to pull a skier, you'll need to drop pitch. For general running around, you're fine.
The OE number for the 13 pitch is 0384460. For the 11 pitch, it's 0385955.
Michigan makes a couple of props(listed in the prop section) for your motor in 12 and 11.5 pitches.
Be advised that the OE OMC props are fast disappearing ( like 3 or 4 in stock in a couple of places I looked at).