Props and blades
There are many factors besides number of blades, but the general rule is the fewer blades you can get away, to absorb the horse power/speed range, the better. Think of it as a Bi-plane v. "Mono-plane". A Pitt?s special is pretty cool with its short span dual wings, but a mono plane has advantages. More blades on a prop, like more wings, is not always better. There is the sexy factor I know many builder succumb to with multi blade props, it just looks cool. Why would it not be great, all the cool planes like a P-51 have 3 or 4 blades. The difference is the P-51 is making up to 2000 HP. You don't need more than two blades to handle 150, 160, 180 hp or even 260 hp, two blades are plenty.
You NEED multi blades to absorb higher HP and high aircraft speeds to maintain proper or efficient parameters. More blades allows you to vary prop diameter and blade area. You can increase diameter but that increases tip speed. You can increase blade chord or width, but that has drag drawbacks. It is all an interplay of plane, engine and prop. One little factor affects another.
Blades are like wings but the big wrinkle is they are ROTATING and each station along the blade from root to tip is doing something different. There is real aerodynamics behind all of it of course, but it's a little art too. Also the material used is critical. Wood props like the MT (fiberglass covered) are thicker than metal props, which makes them less efficient, especially on a relatively fast plane like a RV. On an aerobatic or utility plane the extra drag is not as big of a deal. Same with the Sensenich fixed metal pitch prop, it is more efficient than other wood props because of the airfoil. Look at a supersonic jet, the wings are thin. Prop tips are transonic, i.e., near supersonic. The good part of wood is they are light and have natural vibration dampening. Metal props can't be home grown with out serious flight test and analysis for vibration and fatigue. However properly designed and installed metal props will last a long time with little or no maintenance.
Other parameters, chord, twist, thickness, cross section shape (airfoil), tip shape, plan profile all affect a prop and must match the number of blades and engine, i.e., RPM, HP and aircraft speed, to work well. It is many factors and compromises to get it all to work together. The reason the Hatzell BA prop works so well is it was conceived, designed and manufactured for RV's. Efficiency of a prop has to be tuned to work for that exact engine and airframe. Many props are generic and work well, but are off that 5% or 6% because they are not optimized for the RV.
If Sensenich or Hartzell wanted to make a three blade for the RV they would, but than weight and balance (CG) would be an issue. The good news is two blades are ideal for the RV from pure efficiency and performance stand point. The "Soft" criteria like looks, noise and ground clearance are all a matter of preference. The #1 aerodynamic rule is there is no free lunch. You will pay a price, not only monetary but performance, to get the three blades. You want to go fast use two blades unless you are near the 300 HP range. I know some of the rocket guys use the three blade, even though they loose 5-8 mph, which they can spare; they note smoother operation, which is worth it to them. I don't think the smoothness factor is as large on RV's with smaller engines. I do know the high tech composite props, all carbon, are so stiff they give up the smoothness factor of wood core / composite props. The wood MT is smooth but gives up a chunk of speed due to the blade thickness, which needs to be thick to account for the wood core. So you could go with a Hartzell three blade metal prop, giving up less performance, but it would weigh a bunch, too much for a RV.
For less than say 300 HP two blades are plenty. Three blades look cool, can potentially give more ground clearance (not necessarily) and potentially less noise (lower tip speed). However some three blade props have the same diameter as their two blade cousin. If you where going to make a three blade prop just for a RV it would use quite different blades than a two blade. The issue I have with three blade props is many times what they offer a RV is the same as what the offer for a Husky (high wing super Cub look a like). Again to get the most out of a prop you need to include the aircraft drag and performance. One prop does not fit all. That is where the Sensenich and Hartzell have it over the competition they not only have the aerodynamic knowledge they intentionally designed a prop just for the RV.
I would not personally choose a prop on how much drag it can produce for landing, but suppose that is a factor to consider for a bush plane.