Re: how fast should my boat go?
1967-1977 OMC stern drive props(120-245 HP) are 14" diameter and were available in the following pitches: 12,14,16,18 and 20. The biggest HP listed for 1971 is 235. But since you have re powered, it may be more.
One of the few places I know of that still makes OEM replacements is Propco Propellers in Monroe, GA. They carry the 12,14,16,and 18 pitches.
You need to get the correct diameter prop for your(large gear case) stern drive, if you expect it to go anywhere. The 12 and 14 pitch are billed as heavy load props. I suspect with your V-8 power, the 14 X 14 should be a good choice.
These are pin drive props and have no rubber hub to slip.
Marine Engine .com carries replacement drive pins, as well as the other hardware for the prop. I highly recommend that you order some extras from them. When they're gone, they're gone. ( they list like 10 in stock for these little items). Google "1971 OMC stern drive parts" to find them.